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Banking Sector Rebounds as US Financial Crisis Abates

August 5, 2013 by Jason Elsman in Business

Banking Sector Heading for Full Recovery

According to a report by Alex Barinka and Whitney Kisling who write for Bloomberg, banking and finance are all but fully recovered from the crash of 2008. Back then, before the sky fell, finance was the largest single industry in the S&P 500 index. It appears to be headed to that top spot once again. As of last week the banking and finance sectors made up 16.8 percent of the index.

Since then the government stepped in and imposed stricter regulations on the industry, hoping to prevent similar (or any) crisis in the future. The remarkable way that the sector has rebounded shows that the market believes the industry has, and will continue to weather the storm of demands for even more regulation.

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About Jason Elsman

Jason Elsman is a periodic contributor to Left Justified, bringing his business knowledge and background to the publication. With 15 years on Wall Street, Jason offers a unique perspective on the business world as it impacts the political landscape. Jason also has a special fondness for history, and will write on this subject when the urge compels him Find Jason at carl(at)leftjustified.com.

View all posts by Jason Elsman →

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