Essential Banking News: House Passes Financial Choice Act, Apple Releases P2P Payments, MX Partners with COCC
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October 2008: The global financial crisis led major banks to make acquisitions in an effort to shore up deposits and stave off systemic collapse. Wells Fargo aquired Wachovia; Bank of America acquired Merrill Lynch and Countrywide; J.P. Morgan acquired Bear Stearns and Washington Mutual. In addition, some floundering banks were sold off in pieces post-crash, creating a hodgepodge of disintegrated banking structures.
We've found that it's often harder than it should be to find data on banks in the United States. Because of this, we've compiled simple views on data, such as this one on asset size.