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The number of FDIC banks in the United States. Anyone working near this space can attest to the flurry of mergers and acquisitions. 2002 7,870 2003 7,750 200
by purple-again 8y ago
The number of FDIC banks in the United States. Anyone working near this space can attest to the flurry of mergers and acquisitions.
2002 7,870
2003 7,750
2004 7,612
2005 7,507
2006 7,380
2007 7,262
2008 7,061
2009 6,813
2010 6,506
2011 6,263
2012 6,061
2013 5,836
2014 5,596
2015 5,330
2016 5,102
- purple-again 8y agoIt’s a long hard reality that anyone who wants to operate in this space has to deal with. You think it’s unfair you can’t cash your check for free and have to pay a $10 fee? Take a look at what the bank is required by the BSA and later KYC laws to do after accepting that check and understand it’s not the bank that’s the problem. It’s the onerous regulations that have literally almost halved the number of institutions able to survive.
- cesarb 8y ago> 2016 5,102 In my country (Brazil), the bank identifier used by several banking protocols is three digits. It's hard to imagine over a thousand separate banks in a single country. (For the curious, the full list of identifiers: http://www.bb.com.br/docs/pub/siteEsp/compe/dwn/IFPCNC.pdf http://www.bb.com.br/docs/pub/siteEsp/compe/dwn/IFPCNC.pdf and http://www.bb.com.br/docs/pub/siteEsp/compe/dwn/IFPECNC.pdf http://www.bb.com.br/docs/pub/siteEsp/compe/dwn/IFPECNC.pdf)