Business and Finance

Financial Markets and Services

Paper

The big four banks: The evolution of the financial sector, Part I

May 26, 2015, Martin Neil Baily, William Bekker and Sarah E. Holmes

Martin Baily and co-authors analyze how the financial sector has evolved over the periods both before and after the financial crisis of 2007-2008. Although it is generally believed that the shotgun weddings of firms orchestrated by policymakers during the onset of the financial crisis in 2008 would make big banks even bigger, the biggest U.S. banks have a smaller share of all assets today than they did during financial crisis.

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