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Bank consolidation

Banks in Turmoil

Here's why the U.S. has so many banks

by Kristin Schwab
May 5, 2023
Deregulation has allowed lenders to operate across state lines, making it easier for banks to merge when they’re in trouble.
"Banking in this country is way more restrictive than in any other of the industrialized countries," says Richard Grossman, an economics professor. 
David McNew/Getty Images
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