Author: Marc DeCastro

Business Strategy
February, 2012  -  Doc # FIN233026
Number of Pages: 25
Number of Figures: 18

This IDC Financial Insights report dives into the overall consolidation trends of the U.S. banking industry. Banks and credit unions are also dealing with negative public sentiment. Fortunately for bankers, the U.S. presidential election may provide enough distraction away from Wall Street and move it to Washington D.C. With 2012 as an election year, and so much uncertainty politically and economically, we anticipate that 2012 will continue to see tepid growth in banking, and failures will likely ease off even further, perhaps allowing for a more aggressive round of mergers and acquisitions among the smaller institutions.

"As we sit back and recognize that over the past 10 years almost a third of all banks and credit unions have disappeared, it is eye-opening," says Marc DeCastro, research director at IDC Financial Insights. "While the trend of consolidation has slowed, primarily through a decrease in failures, challenging conditions continue to exist for the financial services industry."

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