Top 10 Biggest Banks in the United States


 
 

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

Rank
Institution
Location
Total Assets 03/31/2013
1J.P. Morgan Chase & Co.New York, NY
$2,389,349,000
2Bank of America Corporation Charlotte, NC
$2,176,625,000
3Citigroup Inc.New York, NY
$1,881,734,000
4Wells Fargo & CompanySan Francisco, CA
$1,436,634,000
5Bank of New York Mellon CorporationNew York, NY
$355,984,000
6U.S. BancorpMinneapolis, MN
$355,447,000
7HSBC North America Holdings Inc.New York, NY
$305,349,633
8PNC Financial Services Group, Inc.Pittsburgh, PA
$300,945,933
9Capital One Financial CorporationMcLean, VA
$300,293,699
10TD Bank Holding CompanyPortland, ME
$222,716,131
$9,725,078,396
Source: National Information Center

 
 


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One thought on “Top 10 Biggest Banks in the United States

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