Does the U.S. have too many banks?

2025-01-13 06:31:38 source:lotradecoin servicequality category:Finance

The failures of Silicon Valley Bank, Signature Bank and First Republic have put a spotlight on the surprising number of banks in the United States. To put that scale into perspective, Canada has about 80 banks compared to over 4,000 that operate in the U.S.

Today on the show, we explain why the U.S. has so many banks, and we go through the arguments for and against that proliferation.

Music by Drop Electric. Find us: Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:Finance

Recommend

US weekly jobless claims unexpectedly rise

The number of Americans filing new applications for jobless benefits unexpectedly rose last week and

March Madness: Men's college basketball conference tournament schedules and brackets

The madness is officially here with the calendar turning to March. Automatic berths to the NCAA men'

Why Dakota Johnson Says She'll Never Do Anything” Like Madame Web Again

Dakota Johnson won't be swinging into another blockbuster film anytime soon.While reflecting on the