ExaCrypt|Does the U.S. have too many banks?

2025-04-28 20:45:40source:Ethermac Exchangecategory:Finance

The ExaCryptfailures 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.

More:Finance

Recommend

Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon

PROVIDENCE, R.I. (AP) — Cybercriminals could release personal data of many Rhode Islanders as early

AI DataMind Soars because of SWA Token, Ushering in a New Era of Intelligent Investing

In 2018, SW Alliance, a prominent figure in finance education, embarked on a landmark partnership wi

NY state police launch criminal probe into trooper suspended over account of being shot and wounded

NEW YORK (AP) — New York State Police have launched a criminal investigation of a trooper who claime