Current:Home > StocksDoes the U.S. have too many banks? -ProfitQuest Academy
Does the U.S. have too many banks?
View
Date:2025-04-12 21:22:25
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! (29)
Related
- Highlights from Trump’s interview with Time magazine
- A Hindu temple built atop a razed mosque in India is helping Modi boost his political standing
- Fall in Love With Coach Outlet’s Valentine’s Day Drop Featuring Deals Up to 75% Off Bags & More
- Western New Mexico University president defends spending as regents encourage more work abroad
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Kanye West debuts metal teeth: 'Experimental dentistry' didn't involve removing his real teeth
- Mariska Hargitay Reveals the Secret to Decades-Long Marriage With Peter Hermann
- As Houthi attacks on ships escalate, experts look to COVID supply chain lessons
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Massachusetts man brings his dog to lotto office as he claims $4 million prize
Ranking
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Roxanna Asgarian’s ‘We Were Once a Family’ and Amanda Peters’ ‘The Berry Pickers’ win library medals
- Grand jury indictment against Alec Baldwin opens two paths for prosecutors
- S&P 500 notches first record high in two years in tech-driven run
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- You Won’t Believe J.Crew’s Valentine’s Day Jewelry Deals, up to 60% off Select Styles
- Heat retire Udonis Haslem's No. 40 jersey. He's the 6th Miami player to receive the honor
- Here's how much Walmart store managers will earn this year
Recommendation
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
37 Massachusetts communities to get disaster aid for last year’s flooding
Florida under NCAA investigation year after failed NIL deal with QB signee Jaden Rashada
California governor sacks effort to limit tackle football for kids
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Ravens vs. Texans highlights: Lamar Jackson leads Baltimore to AFC championship game
Inside Kylie Jenner and Timothée Chalamet's Very Public Yet Private Romance
Ohio State lands Caleb Downs, the top-ranked player in transfer portal who left Alabama