Banks have gotten bigger since the early 1990s. JPMorgan, for example, had assets of around $300 billion in 1995; it now has assets valued at more than $2.5 trillion. Executives like to operate at this size, because it makes them “too big to fail” – as was demonstrated by the large rescue packages they received in 2008 and 2009.
Banks have gotten bigger since the early 1990s. JPMorgan, for example, had assets of around $300 billion in 1995; it now has assets valued at more than $2.5 trillion. Executives like to operate at this size, because it makes them “too big to fail” – as was demonstrated by the large rescue packages they received in 2008 and 2009.