What the U.S. can learn from Canada's banking system
CNBCยท2025-10-13 16:00
America's banking industry is shrinking. >> Community banks are struggling. We had about 7,000 community banks right after the crisis. Now we've got about 4,000.That's a huge decline. >> We see that those local banks are really disappearing. It's really hard for them to compete with the very largest banks who are essentially subsidized by the public because they are seen as too big to fail.The four largest banks in the US, JP Morgan Chase, Wells Fargo, Bank of America, and Cityroup, hold an increasingly lar ...