trueeconomics.blogspot.com / Constantin Gurdgiev / April 15, 2016
One of the key changes in recent years across the entire U.S. economy has been growth in market concentration (lower competition) and regulatory burden increases in a number of sector, including banking. A good summary of the matter is provided here:http://www.americanactionforum.org/research/market-concentration-grew-obama-administration/.
However, an interesting chart based on the U.S. Fed data, shows that even with these changes U.S. banking sector remains relatively more competitive than in other advanced economies:
Source: @HPSInsight
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