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The following table lists the 100 largest bank holding companies in the United States ranked by total assets of March 31, 2024 per the Federal Financial Institutions Examination Council; their market capitalization is also shown.
On January 4, 1782, the first commercial bank in the U.S., Bank of North America, opened. [2] In 1791, U.S. Treasury Secretary Alexander Hamilton created the Bank of the United States, a national bank intended to maintain American taxes and pay off foreign debt. [2]
Bank name Country Total assets (billions of US$) 1 JPMorgan Chase & Co. United States: $2,622.53 2 Bank of America United States: $2,354.51 3 Citigroup Inc. United States: $1,917.38 4 Wells Fargo & Co. United States: $1,895.88 5 Royal Bank of Canada Canada: $1,039.24 6 Toronto-Dominion Bank Canada: $1,006.00 7 Goldman Sachs United States: $931.80 8
Here are the biggest banks in the U.S. by consolidated assets, according to the latest numbers from the Federal Reserve. RANK. BANK NAME. TOTAL ASSETS. PREVIOUS RANK. 1. JPMorgan Chase. $3.40 ...
There are currently more than 4,100 commercial banks in the U.S., according to the FDIC. That is a lot fewer than there used to be (more than 14,000 existed in the 1930s and 1980s), but it is ...
JPMorgan Chase, the largest bank in North America. List of the largest banks in North America by total assets as of 2023. [1] Information from 2023 S&P Global Market Intelligence, and all of the largest banks on the continent are based in two countries - the United States and Canada.
A Federal Reserve Bank is a regional bank of the Federal Reserve System, the central banking system of the United States. There are twelve in total, one for each of the twelve Federal Reserve Districts that were created by the Federal Reserve Act of 1913. [ 1] The banks are jointly responsible for implementing the monetary policy set forth by ...
The 2007–2008 financial crisis led to many bank failures in the United States. The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012. [ 2] In contrast, in the five years prior to 2008, only 10 banks failed. [ 2][ 3] At the end of 2022, the US banking industry had a total of about $620 billion in unrealized ...