After the global financial crisis hit the world and major financial landslides began, it became more challenging for banks to hold on a stable position. Many giant names have gone with the wind; some have maintained a well position and few have soared. Now, let us check out the last ranking of America’s banks according to their assets.
J P Morgan Chase:
Based in New York, J P Morgan Chase is one of the best banking firms in the world with $2.39 trillion in assets. J P Morgan Chase offers numerous services such as investment banking, treasury and security services, asset management, commercial banking, home finance and more. Small business and consumers enjoy plenty of services and bank features. Notably, J P Morgan Chase has long served some of the world’s leading companies.
Bank of America:
Though it is decreasing in assets, Bank of America continues to be the second in the US bank rankings with $2.17 trillion assets. A highly competitive bank, BofA offers various features and benefits for its clients. BofA is the best if you seek a home equity loan. In order to know your monthly payments, BofA features a loan calculator. Most significantly, BofA ensure customers’ safety with such a secure website.
Citigroup, also known as Citi, shrinks in assets as well yet remains the third US bank with $1.88 trillion in assets. Citi has been always a global giant headquartered in New York. Needless to say, the financial crisis has greatly affected this global giant. One day, Citi was the world’s largest banking and financial services group. Yet, like many other banks, Citi was forced to sell off assets; and then, struggle to return its high position.
Wells Fargo comes next after increasing both assets with $1.44 trillion and deposits at $1.01 trillion. Finally, Bank of New York Mellon (BNY Mellon) reaches the fifth position with only $356 billion in assets.
J P Morgan Chase
Bank of America