The Financial Crisis of 2007-2008 halted the consolidation in the U.S.financial industry that had caused a declining number but increasing size of firms in the industry prior to the crisis.

Question

Quizplus · Accepted Answer

The Financial Crisis of 2007-2008 did not halt consolidation; instead, it accelerated it as weaker firms were acquired by stronger ones, leading to fewer but larger financial institutions.

The Financial Crisis of 2007-2008 Halted the Consolidation in the U.S.financial