0 votes

Bloomberg: 'Too Big to Fail Banks' Getting Even Bigger

Banks branded as "too big to fail" are getting bigger even in wake of TARP bailout programs, the Dodd-Frank financial overhaul regulations and even as the country reels from the worst recession in recent history, Bloomberg reports.

"The largest banks have grown larger since the financial crisis, and the number of 'too big to fail banks' will increase by 40 percent over the next 15 years," Bloomberg reports,

Today, the top 10 banks hold 77 percent of all U.S. bank assets, compared with 55 percent of the total assets in 2002, the news service adds.