The total number of U.S. banks and credit unions dropped

Since 2010, the total number of U.S. banks and credit unions has dropped to just 10,537 financial institutions by an astonishing 31 per cent.

Yet there have been only a couple of credit union-bank mergers in the last two years, compared to nearly 400 business mergers. Although not fresh...

U.S. banks have emerged from the verge to "take over the world"

Few would have predicted the strength of the U.S. banks 11 years after Treasury Secretary Hank Paulson summoned the nine-largest chief executives to inject $125 billion in liquidity into them by buying preferred stock. From that conference on October 13, 2008, U.S. banks have emerged from the ver...