Why the U.S. has so many more banks than Canada
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FDIC data shows that the U.S. has nearly 4,500 banks. Canada has only 79 banks, according to the Canadian Bankers Association. However, America’s banking industry is consolidating. FDIC-insured banks in the U.S. are down by nearly half since 2005. Find the full report on why and what the U.S. can learn from Canada’s banking system: cnb.cx/4mJqh3O | CNBC
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We’ve updated the stats in our America's Banks state by state map! Get the latest on how many people banks in your state employ, how many small business loans they've made, and more: https://bit.ly/2X3tDCx | American Bankers Association
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