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> Banking is a cartel in the US US has more banks than any other country by a factor of 10. https://www.helgilibrary.com/charts/what-country-has-the-most-bank
by Scoundreller 2y ago
> Banking is a cartel in the US
US has more banks than any other country by a factor of 10.
https://www.helgilibrary.com/charts/what-country-has-the-most-banks/ https://www.helgilibrary.com/charts/what-country-has-the-mos...
And #4 for branches per capita: https://www.theglobaleconomy.com/rankings/bank_branches/ https://www.theglobaleconomy.com/rankings/bank_branches/
7x as many branches per person as Canada
Sure, those data sources are a bit sus, but I'm sure they're relatively correct. And dunno how credit unions play into it.
- 55555 2y agoYou're right. For the argument for the other side, the top four largest banks—JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo—collectively hold approximately 43% of all deposits in the United States, and in some ways they are self regulating or have a revolving door with their regulators. But we certainly have a lot of banks and anyone can buy a small one and give the banking business a shot.