Since the second quarter of this year,  BIS Review 155/2010  1  GDP growth has moderated to around 2 percent at an annual rate, less than the Federal Reserve’s estimates of U.S. potential growth and insufficient to meaningfully reduce unemployment.
They grew in strength and became as large as some of the smaller banks but stopped short of fully challenging them on their own terms. New entrants to the market led to commercial banks became highly competitive, bidding down interest rates by outdoing each other in the marketing of loans.