Current:Home > StocksWhy does the U.S. have so many small banks? And what does that mean for our economy? -Ascend Finance Compass

Why does the U.S. have so many small banks? And what does that mean for our economy?

EchoSense ​​​​​​​View Date:2025-04-11 10:28:51

The U.S. has more than 4,000 banks — more banks than any other country. The huge number of banks has shaped the economy in countless ways, but it also poses risk.

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