Stunning: Only Three New Banks Are Formed Every Year

March 27, 2015 12:08 am

This could be a net positive – we spotted this stat today –

“The rate of new-bank formation has slipped from an average of around 100 per year since 1990 to an average of only about three per year since 2010, write Roisin McCord, Edward Simpson Prescott and Tim Sablik.” Source

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