Why Are Big Banks Getting Bigger?

Why Are Big Banks Getting Bigger? Ricardo T. Fernholz Claremont Colleges Claremont McKenna College Christoffer Koch Federal Reserve Bank of Dallas February 18, 2016 Abstract: The U.S. banking sector has become substantially more concentrated since the 1990s, raising questions about both the causes and implications of this consolidation. We address these questions using nonparametric empirical