What happened to the banking industry in the 90's and 2000's consolidation or expansion?

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15-03-2017
Business

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What happened to the banking industry in the 90's and 2000's consolidation or expansion?

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taskmasters taskmasters · Answer 1 · 2017-03-29T05:33:30+02:00

I found that this question referred to the movie, "Inside Job".

The banking industry in the 90s and 2000'a underwent CONSOLIDATION.

The financial sector in the late 1990's consolidated into a few giant firms. They either merged with other big banks or bought smaller banks and made it a part of the main bank.

By 2000s, 5 investment banks dominated the USA. These were Bear Stearns, Goldman Sachs, Lehman Brothers, Merrill Lynch, and Morgan Stanley. Two financial conglomerates dominated the market. These were JP Morgan Chase and Citigroup.

dubeyshailja64 dubeyshailja64 · Answer 2 · 2022-02-26T12:29:20+01:00

The banking industry experienced consolidation in the 90's and 2000's.

What is banking consolidation?

A banking consolidation may be defined as a process in which one bank merges with or acquires another bank.

In the years 90's and 2000's many banks consolidated into several giant banks. By the 2000's, there were only 5 large banks in US that dominated the banking sector.

Therefore the correct option is consolidation.

Learn more about consolidation here:

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