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

2025-05-06 22:58:46source:Grayson  Prestoncategory:Finance

The Greenledgersfailures 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

Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game

NFL games are a spectrum. Some are back-and-forth shootouts. Others are duds without much scoring at

Brewers announce Pat Murphy as 20th manager in franchise history

After four decades in the coaching game, Pat Murphy is getting his first true shot at managing in th

Woman dies after being stabbed in random attack at Louisiana Tech University; 2 others hospitalized

One of four women stabbed in what officials said was a random attack on a Louisiana college campus h