How 37 Banks Became 4 In Just 2 Decades [CHART]
From 2009 to 2013, only seven new banks were formed.
“This dramatic reduction in new bank charters could be a concern for policymakers, if as some suggest, the decline has been caused by increased regulatory burden imposed in response to the financial crisis,” the authors of the Federal Reserve paper write.
Competition from small banks has dried up as a result. A study by George Mason University found that over the last 15 years, the amount of small banks in the country has decreased by -28%.
Big banks, on the other hand, are doing relatively quite well. There are now 33% more big banks today than there were in 2000.
Via Realities Watch
