Following the consolidation that resulted from the 2007-2009 financial crisis in the U.S., the 4 largest commercial banks share of total deposits was:
A) 73%.
B) 50%.
C) 36%.
D)25%.

Question

Quizplus · Accepted Answer

According to data from the Federal Reserve as of November 2020, the four largest commercial banks in the U.S. (JP Morgan Chase, Bank of America, Wells Fargo, and Citigroup) held approximately 36% of total deposits in the country. This percentage has decreased slightly from the period immediately following the financial crisis, where the four largest banks held approximately 40% of total deposits.

Following the Consolidation That Resulted from the 2007-2009 Financial Crisis