By Jeff Desjardins, Virtual Capitalist on January 25, 2016 

The “Big Four” retail banks in the United States collectively hold 45% of all customer bank deposits for a total of $4.6 trillion.

The fifth biggest retail bank, U.S. Bancorp, is nothing to sneeze at, either. It’s got 3,151 banking offices and employs 65,000 people. However, it still pales in comparison with the Big Four, holding only a mere $271 billion in deposits.

Today’s visualization looks at consolidation in the banking industry over the course of two decades. Between 1990 and 2010, eventually 37 banks would become JP Morgan Chase, Bank of America, Wells Fargo, and Citigroup.

Read Full Article here

Disclaimer

DQN Global Capital Partners LLP ("DQN Global Capital") is regulated by the FCA as an independent placement agent, a third party marketer and investment advisor with a focus on traditional and alternative investment funds. This website is designed to provide general information about the services offered through DQN Global Capital Partners LLP ("DQN Global Capital"). Please read this important information before proceeding further. The information below explains the legal and regulatory restrictions in relation to this website. Please click Here to find out more our Terms and Conditions. Your continued use of our website indicates your acceptance of and acknowledgement of these terms and conditions and the regulatory information as amended.