Current:Home > StocksDoes the U.S. have too many banks? -SummitInvest
Does the U.S. have too many banks?
View
Date:2025-04-13 17:13:11
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! (4139)
Related
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Department of Energy Program Aims to Bump Solar Costs Even Lower
- How a 93-year-old visited every national park and healed a family rift in the process
- Heart transplant recipient dies after being denied meds in jail; ACLU wants an inquiry
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- A woman is in custody after refusing tuberculosis treatment for more than a year
- 'Hidden fat' puts Asian Americans at risk of diabetes. How lifestyle changes can help
- Supreme Court rules against Navajo Nation in legal fight over water rights
- 'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
- What to know about the 5 passengers who were on the Titanic sub
Ranking
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- As ‘Tipping Point’ Nears for Cheap Solar, Doors Open to Low-Income Families
- By Getting Microgrids to ‘Talk,’ Energy Prize Winners Tackle the Future of Power
- VA hospitals are outperforming private hospitals, latest Medicare survey shows
- Global Warming Set the Stage for Los Angeles Fires
- Facing Grid Constraints, China Puts a Chill on New Wind Energy Projects
- Biden taps Mandy Cohen — former North Carolina health secretary — to lead CDC
- Biden hosts India's Modi for state visit, navigating critical relationship amid human rights concerns
Recommendation
Retirement planning: 3 crucial moves everyone should make before 2025
Boston Progressives Expand the Green New Deal to Include Justice Concerns and Pandemic Recovery
Former Maryland Gov. Larry Hogan says DeSantis' campaign one of the worst I've seen so far — The Takeout
Debris from OceanGate sub found 1,600 feet from Titanic after catastrophic implosion, U.S. Coast Guard says
Trump wants to turn the clock on daylight saving time
How Canadian wildfires are worsening U.S. air quality and what you can do to cope
Taylor Swift Seemingly Shares What Led to Joe Alwyn Breakup in New Song “You’re Losing Me”
Iowa meteorologist Chris Gloninger quits 18-year career after death threat over climate coverage