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Commercial banking is a highly fragmented industry consisting of nearly nearly 9,000 commercial banks and savings institutions insured by the FDIC
Commercial banks profit by capturing the margin between interest paid to depositors and higher rates charged to borrowers and charging fees for their services.
New legislation to strengthen financial industry regulation has been put in place to protect consumers from banks. Additional reforms designed to protect the industry from institutions from taking on excess leverage are being put in place to reduce risk and regulate derivative financial products. The recovering economy and the new financial reforms serve to return confidence to the commercial banking group.
As of December 31, 2010
Source: Company Filings
A casino offers a card game using a normal deck of 52 cards. The rule is that you turn over two cards each time.
For each pair:
-if both are black, they go to the dealer’s pile
-if both are red, they go to your pile
-if one black and one red, they are discarded.
The process is repeated until you two go through all 52 cards. If you have more cards in your pile, you win $100; otherwise (including ties) you get nothing.
The casino allows you to negotiate the price you want to pay for the game. How much would you be willing to pay to play this game?