Research by Epstein, Crotty & Levina supports breaking up large banks

A column promoting breaking up large banks cites research done by Gerald Epstein, James Crotty and Iren Levina, Political Economy Research Institute, on financial industry concentration. Their research shows that between 1993 and 2009, the top five commercial banks in the U.S. went from having 16.56 percent of total bank assets to 45.23 percent. The top five investment banks had 36.43 percent of overall revenue in 1993 and 65.61 percent by 2009, they say. (Huffington Post, 5/5/10)

Leave a Reply

Your email address will not be published. Required fields are marked *