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Because a bank's exact need for liquidity is difficult to know in real time, depositors have incomplete information about its ability to survive a run. The incomplete information means that a bank is not automatically incentivized to hold enough liquid assets to survive runs. Regulations similar to those implemented recently can change the bank’s incentives so that runs are less likely.
At this Becker Brown Bag, Douglas Diamond of Chicago Booth discussed how these regulations can be improved.
AIG donated $25 to Big Brothers Big Sisters for every double play turned by the Chiefs at Alliance Bank this season. Chiefs Director of Promotions Mike Voutsinas (3rd from left) presented a check to BBBS Youth Services Director Oscar Vergara (2nd from right) and other members of the BBBS of Onondaga and Oswego Counties Advisory Board.
Big Brother LaRy (capital R not a typo) and Little Brother Jose are part of the Recreation Mentoring Program through Big Brothers Big Sisters of Calgary and Area. They meet once a week for 2 - 5 hours to share their passion for sports, health and wellness.
The photographer is Marnie Burkhart (Jazhart Studios Inc.).