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Date Submitted: 08/26/2014 12:08 AM
American Banking Emerges from the Latest Financial Crisis Even Stronger than It Was Before
1888 PressRelease Arnie Danielson, an expert on the evolution of American banking, helps readers to understand the historical impact of changes in the banking landscape and shows that the recent events have not only taken the largest banks beyond traditional banking, but has also greatly enhanced their international position. Potomac, Md. To say that there have been dramatic changes to the banking industry over the last forty years might be an understatement to those in the U.S. and international banking industries. Author Arnie Danielson, responding to the needs that business people, bankers and corporate officials have in understanding how the banking landscape has changed, especially after 2008, is contributing to this discussion in American Banking through Crises and Consolidation. Describing how the banking industry has indelibly changed from a local industry during the 1970s to one in which four large banks now hold nearly 50 percent of the bank assets in the United States, Danielson talks candidly about what spurred the changes, how the banking industry has changed, the current banking landscape and what may happen in the future. "My book takes into account the startling events of 2008 and 2009 and puts these events in context of the longterm trends in American banking. It is my goal to show both how much and how little has changed," said Danielson. Within the pages of American Banking through Crises and Consolidation, readers will comprehend how during times of financial crisis the number of banks decreases and the biggest banks get bigger, and how the ripple effects of the latest crisis has not only taken their dominance beyond traditional banking, but has also assured their dominance of international banking as well. Danielson's perspective is that of a banking insider who has taken time to see the trends within a historical ...