As I correctly predicted almost three years ago (here), the number of commercial banks operating in the U.S. continued to decline throughout 2014, 2015, and 2016.
Since Q2 2008, the number of banks has now declined by a total of 2,054, a total reduction of almost 29%.
During the same period, total assets have surged more than $5 trillion (45.8%), leaving the average bank with more than twice the size of assets under management today than just prior to the eve of the 2008 banking crisis. "Too Big Too Fail" wasn't such a great concern after all, was it.
Wonder how I managed to foresee this development and why my current prediction of further consolidation in 2017 and beyond will prove correct? Then click the above link or read this article. Better yet, buy my book!
Since Q2 2008, the number of banks has now declined by a total of 2,054, a total reduction of almost 29%.
During the same period, total assets have surged more than $5 trillion (45.8%), leaving the average bank with more than twice the size of assets under management today than just prior to the eve of the 2008 banking crisis. "Too Big Too Fail" wasn't such a great concern after all, was it.
Wonder how I managed to foresee this development and why my current prediction of further consolidation in 2017 and beyond will prove correct? Then click the above link or read this article. Better yet, buy my book!
No comments:
Post a Comment