Top 10 Biggest Banks in the United States

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Despite widespread criticism during the global economic crisis of 2007-2010 of the “too big to fail status” of American financial institutions, the big banks just keep getting bigger. According to National Information Center data, as of June 30, 2013, the top 10 banks in the United States have combined assets of nearly $9.73 trillion dollars. To put this number into context, in 2012 the gross domestic product of the entire U.S. economy was $15.68 trillion. U.S. financial institutions have gotten so large, that today’s banks need over $222 billion in assets just to break into the top ten. Check out which banks made the list.

Top 10 Biggest Banks in the United States

Total Assets 03/31/2013
1J.P. Morgan Chase & Co.New York, NY
2Bank of America Corporation Charlotte, NC
3Citigroup Inc.New York, NY
4Wells Fargo & CompanySan Francisco, CA
5Bank of New York Mellon CorporationNew York, NY
6U.S. BancorpMinneapolis, MN
7HSBC North America Holdings Inc.New York, NY
8PNC Financial Services Group, Inc.Pittsburgh, PA
9Capital One Financial CorporationMcLean, VA
10TD Bank Holding CompanyPortland, ME
Source: National Information Center


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One comment

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