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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. Find the full report on why and what the U.S. can learn from Canada’s banking system: cnb.cx/4mJqh3O | CNBC
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