Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 23 March 2019

Abstract and Keywords

The past 20 years have witnessed a transformation of the US banking industry, as well as a near total disaster. Mergers and acquisitions halved the population of commercial banks and the largest banks increased in size tenfold. The regulatory framework established during the Great Depression was dismantled, new technologies revolutionized how banks produce and distribute financial services, and dramatic increases in competition pressured banks to operate more efficiently. A strategic dichotomy has emerged, with small “community” banks providing person-to-person retail and small business banking services, and large commercial banks providing high-volume retail banking services in domestic markets and corporate and investment banking services world-wide. These changes have brought great efficiencies to the banking industry and its customers, but also introduced new instabilities. A decade of high profits was followed by large investment losses and government bailouts during the financial crisis of 2008–09. A partial re-regulation of the industry has followed

Keywords: banking strategies, commercial banks, deregulation, financial crisis, industry consolidation, non-interest income, United States banks

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.