The Economist, “America’s corporate giants are getting harder to topple”, 21 August 2023.

“[…] Another reason is that inertia has slowed the pace of competitive upheaval in many industries, buying time for incumbents to adapt to digital technologies. Although 65% of Americans now bank online, nearly all the banks they use are ancient—the average age of those in the Fortune 500, including JPMorgan Chase and Bank of America, is 138. Fewer than 10% of Americans switched banks last year, according to Kearney, a consultancy. That stickiness has made it difficult for would-be disrupters to build scale before incumbents imitate their innovations. A labyrinthine regulatory system that favours big institutions with well-staffed compliance departments helps. The insurance industry, also dominated by geriatric giants like aig and MetLife, is much the same […]”.

José María López Jiménez

Especialista en regulación financiera. Doctor en Derecho

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