Global Feed Post Login
Replying to Avatar Aaron

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.

Avatar
21M 2y ago

Ultimately one bank with one CDBC.

Reply to this note

Please Login to reply.

Discussion

Avatar
Aaron 2y ago

Absolutely ridiculous

Thread collapsed