Friday, June 8, 2012

Big banks, even bigger

There’s not much change on the latest list of the top 50 U.S. banks except that the nation’s biggest banks have become even bigger



Sitting at the top for the last couple of quarters is JPMorgan Chase which took the #1 spot from Bank of America during the third quarter last year. With $2.3 trillion in assets and $1.1 trillion in deposits JPM is hanging on to a comfortable lead, according to the most recent ranking from SNL Financial.
Bank of America which led the big bank list since 2009 is now trailing JPM with its $2.2 trillion in assets and $1 trillion in deposits.

Citigroup remains in the number three slot with $1.9 trillion in assets and $906 billion in deposits. San Francisco-based Wells Fargo is a much farther number four with $1.3 trillion in assets but it does however top Citi’s deposit base with $930 billion.

 More notably however is that all four of the nation’s biggest banks managed to increase both assets and deposits.

excerpt from an article by  Halah Touryalai , Forbes Staff

Are you still banking with the big banks?

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