U.S. Markets open in 2 hrs 41 mins

The banking industry is being deconstructed, piece by piece

John Detrixhe

How many big banks does the world really need? Not nearly as many as it did before 2008, when titans like Lehman Brothers ceased to exist, and others became a shadow of their former selves. Government watchdogs have since devised rules that make banks less likely to spin out of control, but also much less…


Sign up for the Quartz Daily Brief, our free daily newsletter with the world’s most important and interesting news.

More stories from Quartz: