Current:Home > reviewsDoes the U.S. have too many banks? -DataFinance
Does the U.S. have too many banks?
PredictIQ Quantitative Think Tank Center View
Date:2025-04-06 15:28:38
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.
veryGood! (8451)
Related
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Jury to deliver verdict over Brussels extremist attacks that killed 32
- Chicago Billionaire James Crown Dead at 70 After Racetrack Crash
- Biden’s Pick for the EPA’s Top Air Pollution Job Finds Himself Caught in the Crossfire
- Current, future North Carolina governor’s challenge of power
- Biden wants Congress to boost penalties for executives when midsize banks fail
- The truth is there's little the government can do about lies on cable
- The Most Unforgettable Red Carpet Moments From BET Awards
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Why car prices are still so high — and why they are unlikely to fall anytime soon
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Novo Nordisk will cut some U.S. insulin prices by up to 75% starting next year
- Alabama woman confesses to fabricating kidnapping
- Biden reassures bank customers and says the failed firms' leaders are fired
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Can TikTokkers sway Biden on oil drilling? The #StopWillow campaign, explained
- Baltimore Continues Incinerating Trash, Despite Opposition from its New Mayor and City Council
- Planet Money Records Vol. 3: Making a hit
Recommendation
Current, future North Carolina governor’s challenge of power
Bank fail: How rising interest rates paved the way for Silicon Valley Bank's collapse
Biden has big ideas for fixing child care. For now a small workaround will have to do
Inside Ariana Madix's 38th Birthday With Boyfriend Daniel Wai & Her Vanderpump Rules Family
Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
Abortion messaging roils debate over Ohio ballot initiative. Backers said it wasn’t about that
Judge’s Order Forces Interior Department to Revive Drilling Lease Sales on Federal Lands and Waters
Credit Suisse shares soar after the bank secures a $54 billion lifeline