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Well maybe you're not interested in it so downvote away. Like many people I'm at least mildly interested in news that affects a lot of people, even if it doesn'
by DonsDiscountGas 3y ago
Well maybe you're not interested in it so downvote away. Like many people I'm at least mildly interested in news that affects a lot of people, even if it doesn't affect me personally today.
According to wikipedia, second largest by assets:
https://en.wikipedia.org/wiki/List_of_largest_bank_failures_in_the_United_States https://en.wikipedia.org/wiki/List_of_largest_bank_failures_...
I haven't researched this thoroughly, but I think the banking sector (like many other sectors) has been concentrating a lot over the years. So in the 80s we had many small bank failures, and in 2008-2010 we had many many small+medium bank failures (+WaMu, the largest in US history), and today we have a few large bank failures (so far).
- bwb 3y agoI didn't downvote :); that is others, I guess. Right, but the concentration isn't a bad thing just because it is concentrated. It might just be a reflection of the changing nature of the world (globalization, finance changes, etc). I checked, and currently, there are 4,844 banks in the USA. There are also 4,759 credit unions, but I am not sure if that is also included in the bank numbers.