Banks were once forbidden from branching across state lines. In fact, some states used to limit the in-state branches to three "facilities" (like Missouri) or branching only to contiguous counties (i.e., Massachusetts). In recent years, banks are more and more allowed to open branches all over the country. Is this a good thing? Or is this not a good thing?
Banks were once forbidden from branching across state lines. In fact, some states used to limit the in-state branches to three "facilities" (like Missouri) or branching only to contiguous counties (i.e., Massachusetts). In recent years, banks are more and more allowed to open branches all over the country. Is this a good thing? Or is this not a good thing?
Chapter24: Multistate Corporate Taxation
Section: Chapter Questions
Problem 2BCRQ
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Banks were once forbidden from branching across state lines. In fact, some states used to limit the in-state branches to three "facilities" (like Missouri) or branching only to contiguous counties (i.e., Massachusetts). In recent years, banks are more and more allowed to open branches all over the country.
Is this a good thing? Or is this not a good thing?
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