Compared to 20 years ago, do the 10 largest U.S. banking firms now own a larger or smaller portion of all U.S. banking assets?
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In 1991, the 10 largest banking firms owned 30% of all U.S. banking assets. By 2012, this figure increased to more than 60%. This outcome has been driven in part by laws and regulations that large banking conglomerates can more easily comply with than small, independent banks.
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