Why Are Big Banks Getting Bigger?

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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…