Current:Home > MarketsDoes the U.S. have too many banks? -WealthConverge Strategies
Does the U.S. have too many banks?
View
Date:2025-04-14 20:17:22
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! (1)
Related
- Global Warming Set the Stage for Los Angeles Fires
- Nikola Jokic’s brother reportedly involved in an altercation after the Nuggets beat the Lakers
- Emily Henry does it again. Romantic 'Funny Story' satisfies without tripping over tropes
- The Appendix: A deep dive into Taylor Swift's references on 'Tortured Poets' tracks
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Book excerpt: The Covenant of Water by Abraham Verghese
- David Beckham Files Lawsuit Against Mark Wahlberg-Backed Fitness Company
- How to use essential oils, according to medical experts
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Jelly Roll's Wife Shares He Left Social Media After Being Bullied About His F--king Weight”
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- California could ban Clear, which lets travelers pay to skip TSA lines
- How do I update my resume to help land that job? Ask HR
- PEN America calls off awards ceremony after nominees drop out over its response to Israel-Hamas war
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Slumping sluggers, ailing pitchers combining for some April anxiety in fantasy baseball
- Jeep Wagoneer Series II interior review: The good and bad in all 3 rows
- New Beyoncé documentary: Watch trailer for 'Call Me Country' by CNN on Max
Recommendation
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Transgender Louisianans lost their ally in the governor’s seat. Now they’re girding for a fight
Judge strikes down North Carolina law on prosecuting ex-felons who voted before 2024
Delta Burke recalls using crystal meth for weight loss while filming 'Filthy Rich'
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
Avocado oil recall: Thousands of Primal Kitchen cases recalled because bottles could break
New federal rule would bar companies from forcing ‘noncompete’ agreements on employees
10 Things from Goop's $78,626.99 Mother's Day Gift Guide We'd Actually Buy for Our Moms