A lesson in history: What role competition plays in banking and why there are so many banks in America

There are 4,100 banks in the US. These numbers outpace other major economies like Canada (81), Japan (112) and the UK (311). Why does America have so many banks? And does it have anything to do with the recent bank failures?  Banking in America is a mix of community and regional banks and Too Big … Continue reading A lesson in history: What role competition plays in banking and why there are so many banks in America