Abstract:
The purpose of this paper is to make us aware that the United States is losing ground in terms of competitiveness with other countries around the world. We are not only losing ground in the engineering and automobile industry, but also the banking industry.There are several ways to make the U.S. banking industry more competitive. Reforms are needed to increase the strength of the Bank Insurance Fund (BIF), the different regions in the country, and the banks themselves. U.S. banks are now offering more services to make it more attractive and convenient for their customers.