This is Ridiculous how are we letting these fucking banks get away with this.
Percentage of Deposits Controlled by US Banks:
1. JP Morgan: 16.1%
2. Bank of America: 14.8%
3. Wells Fargo: 10.9%
4. Citibank: 5.8%
5. US Bank: 3.4%
6. Truist: 3.4%
7. PNC Bank: 3.3%
8. TD Bank: 2.9%
9. Charles Schwab: 2.7%
10. Capital One: 2.6%
The top 15 banks control 75% of deposits in the US.
This is why we have gone from 31,000 banks in 1920 to 4,100 banks today.
After the regional banking crisis, this number will be much smaller.
A few banks will control the entire system.