Following the consolidation that resulted from the 2007-2009 financial crisis in the U.S., the 4 largest commercial banks share of total deposits was:
A)75%.
B)50%.
C)40%.
D)25%.

Question

Quizplus · Accepted Answer

According to data from the Federal Reserve, as of June 30, 2020, the four largest commercial banks in the U.S. (JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup) held approximately 40% of total deposits in FDIC-insured institutions.

Following the Consolidation That Resulted from the 2007-2009 Financial Crisis