Reader Tim Wallace sent in a spreadsheet on the total number of banks.
click on chart for sharper image
Whatever happened to the idea that something needs to be done about “Too Big to Fail Banks”?
Consolidation numbers do not tell the full story, but the largest banks do keep getting bigger in the slow but steady march towards one bank.
Mike “Mish” Shedlock
Mike “Mish” Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.
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