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The Federal Reserve put a limit to Wells Fargo's assets, as a result of the scandal. In 2020, Wells Fargo sold $100 million in assets to stay under the limit. [153] In December 2022, the bank agreed to a settlement with the CFPB of $3.7 billion over abuses tied to the fake account scandal as well as mortgages and auto loans.
Total assets (2023) (billions of US$) Headquarter city 1 JPMorgan Chase United States: $3,898.33 New York City: 2 Bank of America United States: $3,051.38 Charlotte: 3 Citigroup United States: $2,416.68 New York City 4 Wells Fargo United States: $1,881.02 San Francisco: 5 Royal Bank of Canada Canada: $1,544.17 Montreal: 6 TD Bank Canada: $1,524 ...
The following table lists the 100 largest bank holding companies in the United States ranked by total assets of September 30, 2024 per the Federal Financial Institutions Examination Council, along with the market capitalization of public banks.
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Total assets (2022) (billions of US$) 1 JPMorgan Chase United States North America $3,743.57 2 Bank of America United States North America $3,169.50 3 Citigroup Inc. United States North America $2,291.41 4 Wells Fargo United States North America $1,948.07 5 Toronto-Dominion Bank Canada North America $1,486.40 6 Goldman Sachs United States
The Fed had received calls to ease the asset cap on Wells Fargo as the logistical challenges with administering the $349 billion in PPP loans continued. Former Federal Deposit Insurance Corp ...
Industrial and Commercial Bank of China, the world’s largest bank by total assets. This list is based on the April 2024 S&P Global Market Intelligence report of the 100 largest banks in the world. The ranking was based upon assets as reported and was not adjusted for different accounting treatments. [1]
With $114 billion in assets, it is one of the country's 30 largest banks. ... Wells Fargo disclosed that it had an allowance of $2.42 billion for future credit losses. ... Of that total, 700 ...