1.0CLP Bloghttps://clpblog.citizen.orgBrian WolfmanBank failure and consolidation - CLP Blogrich600338<blockquote class="wp-embedded-content" data-secret="aikvGRtMuz"><a href="https://clpblog.citizen.org/bank-failure-and-consolidation/">Bank failure and consolidation</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://clpblog.citizen.org/bank-failure-and-consolidation/embed/#?secret=aikvGRtMuz" width="600" height="338" title="“Bank failure and consolidation” — CLP Blog" data-secret="aikvGRtMuz" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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Chris Morran explains in this article that the number of U.S. banks has hit its lowest point since the federal government began counting in 1934. The number has dropped precipitously since 1985 (going from about 18,000 to 6,800), which may mean fewer options for bank services and greater costs for consumers.