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What the U.S. can learn from Canada's banking system

What the U.S. can learn from Canada's banking system

FDIC data shows that the U.S. has nearly 4,500 banks. Canada has only 79 banks, according to the Canadian Bankers Association. However, America’s banking industry is consolidating. FDIC-insured banks in the U.S. are down by nearly half since 2005.

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