Surveillance Special: UBS to Buy Credit Suisse
Bloomberg Surveillance
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Is There a Deposit Catharsis?
In the meantime we talked about a deposit catharsis that we're seeing take hold in a lot of smaller and medium sized banks. So I think yeah you know this is just a long running type of consolidation in the banking industry. What we don't hear often enough is that there were actually 10,000 FDIC insured banks going back to 1994,. 95 would drop below 10,000. Today we have 4,700 having dropped below 5,000 in 2021 so that's a halving of the number of banks in the US.
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