Current:Home > FinanceDoes the U.S. have too many banks? -TrueNorth Finance Path
Does the U.S. have too many banks?
View
Date:2025-04-13 01:45:51
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! (44)
Related
- A South Texas lawmaker’s 15
- Cher dealt another blow in her request for temporary conservatorship over her son
- Missouri prosecutor seeks to overturn the conviction of an inmate who has spent decades on death row
- ICC prosecutor: There are grounds to believe Sudan’s warring sides are committing crimes in Darfur
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Pennsylvania high court revives a case challenging Medicaid limits for abortions
- Houthis target U.S. destroyer in latest round of missile attacks; strike British merchant ship
- Detroit Lions fall one half short of Super Bowl, but that shouldn't spoil this run
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Ukrainian and Hungarian foreign ministers meet but fail to break a diplomatic deadlock
Ranking
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- There are countless options for whitening your teeth. Here’s where to start.
- Prince Harry’s lawyers seek $2.5 million in fees after win in British tabloid phone hacking case
- When a white supremacist threatened an Iraqi DEI coordinator in Maine, he fled the state
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- The mothers of two teenage boys killed as they left a Chicago high school struggle with loss
- Better Call Saul's Bob Odenkirk Shocked to Learn He's Related to King Charles III
- Who Is Pookie? Breaking Down the TikTok Couple Going Viral
Recommendation
'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
South Africa’s ruling ANC suspends former president Zuma for backing a new party in elections
32 things we learned heading into Super Bowl 58: Historical implications for Chiefs, 49ers
Proof Below Deck's Fraser Olender Might Be Dating a Charter Guest After Season 11 Kiss
Nevada attorney general revives 2020 fake electors case
The RNC will meet privately after Trump allies pull resolution to call him the ‘presumptive nominee’
Pentagon releases names of 3 soldiers killed in drone attack in Jordan
Ex-IRS contractor Charles Littlejohn, who admitted leaking Trump's tax records, sentenced to 5 years in prison