Historically, the U.S. system of banking led to many banks that were smaller in size and operated fewer branches. Discuss why the U.S. banking system developed differently from that of other countries, as well as what recent factors have brought about a change in the U.S. system that makes it look more like other countries' banking systems. Include your opinion on universal banking and if it would be beneficial for banks in the United States, particularly in light of the 2007-2009 global financial crisis.