37 banks become 4 in 20 years.

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This topic has 12 replies, 11 voices, and was last updated 8 years ago by bigdean.

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37 banks become 4 in 20 years.
seanthesheap
Free Member

I spotted this chart on Face book today and thought it was interesting, i wonder if the remaining four will eventually merge into two or even one, and what would that mean for the customers? Will we end up living in a world with one Bank, one super market, one car manufacturer etc?

Posted 8 years ago

ourmaninthenorth
Full Member

And they say that competition is at the heart of capitalism….

Posted 8 years ago

badnewz
Free Member

Too big to fail…

Posted 8 years ago

FGF 701 The Hydrate Or Die Edition

footflaps
Full Member

They all look like relatively small fry for the USA – so just normal consolidation once the market saturates.

Posted 8 years ago

mefty
Free Member

There are 900 banks in Italy.

Posted 8 years ago

Murray
Full Member

Pretty scary, 4 banks in a country the size of the EU.

Posted 8 years ago

teamhurtmore
Free Member

Remaining four?

People need to do their research before writing stuff…

Over 5,000 still – so calm down people, the world is not about to end

Posted 8 years ago

shermer75
Free Member

Bananamex

Posted 8 years ago

northernmatt
Full Member

Will we end up living in a world with one Bank, one super market, one car manufacturer etc?

You mean like this one?

Posted 8 years ago

Murray
Full Member

The big four are much bigger than the rest – and that’s the worry
linky

Posted 8 years ago

P-Jay
Free Member

4 is probably enough for the US, if:

1) their version of the Competition Commission never allows 2 to merge, unless one of them is about to fail and even then only on a temporary basis. I believe they were implicated in Barclays not taking Leman at the last minute and could have avoided the ‘great recession’ well, for a few months anyway, Barclays bought it the day after bankruptcy instead.

2) the Federal Reserve Board of Governors ensures they are compliant with their version of the Basel 3 accord, even if they never sign up to Basel because – ‘merica

Posted 8 years ago

konabunny
Free Member

Half of these retail banks didn’t even compete with each other in the same geographic market so their merger increased competition, not reduced it

There is no shortage of retail banks in the US. My old local town/village has its own private commercial bank! There are also zillions of credit unions.

Posted 8 years ago

bigdean
Full Member

Anyone else drive past B&M stores humming the buy ‘n’ large tune?

Posted 8 years ago