Less than 10 percent of the largest banks in the U.S.control almost 90 percent of the industry assets.

Name: Less than 10 percent of the largest banks in the U.S.control almost 90 percent of the industry assets.
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This statement is true according to a report published in 2019 by the Federal Reserve. The report shows that the five largest banks in the U.S. command almost 50% of the total assets in the banking industry, while the top 10 banks hold almost 80%.

Less Than 10 Percent of the Largest Banks in the U.S.control