There were no new banks created in the US in 2011, making it the first year in decades that the country has gone without the establishment of a single start-up lender.

The lack of new or de novo banks underscores the rapidly shifting business environment for US financials and changed attitudes towards the industry after the recent crisis.


Comments (2)


Legally created barriers to entry have no longer made it attractive to start a bank in name. PayPayl, for example, is not a bank, even if it has many functions of one.

That, and the whole "financial market is in the toilet" thing.

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