List of Biggest Banks in the United States of America by Assets
Banks assist several functions within the society. For a single thing, a humungous amount of taxes are produced by this sector annually. The capital that is generated by the banks builds up the national buying power, which gives rise to a further stable economy. Additionally, banks are significant employers as well. The 20 biggest banks in the United States of America provide employment to above 1.2 million people, out of which the JP Morgan Chase & Co solely has above 228,000 employees. The preponderance of Americans deposits their funds in savings and checking accounts in the banks for keeping them safe.
The Top 4 Bank in the US by Assets
JP Morgan Chase ($2,534 Billion)
This corporation was established as an outcome of a union of numerous banking corporations in the year 1996. It is an international banking and financial facility provider and has been based in New York City. Presently, it is the biggest bank in the United State of America by Assets.
Having an asset vile of 2.53 trillion, this banking corporation moreover ranks within the Top 10 for all worldwide investment banks. The bank has employed near about 228,000 staffs and functions in above 100 nations. It offers financial facilities to loads of clients, minor businesses and several of the world’s noticeable companies, organizations, and administrations.
Bank of America ($2,281 Billion)
The Bank of America was established in the year 1904 by Amadeo Giannini. It was originally recognized in the name of Bank of Italy. It is an international banking and financial service corporation in the US, which has been headquartered in Charlotte, North Carolina. It has been positioned 2nd as far as the assets base is concerned. It incorporates 5,100 banking branches or workplaces, Bank of America Check Routing Number for wire transfers and direct deposits, 16,300 ATMs, and beyond 150,939 employees.
Wells Fargo ($1,951 Billion)
This is the 3rd biggest bank in the United States of America in terms of assets. The banking organization was established in the year 1852, through Henry Wells along with William Fargo. It has been based in San Francisco, California. Wells Fargo is the biggest bank in the world as far as market capitalization is concerned and the 3rd biggest in the United States having an asset base of around $1.951 trillion.
Citigroup ($1,843 Billion)
Citigroup was instituted on June 16, 1812. Citibank is the customer segment of the financial facility global Citigroup with its head office in Manhattan, New York. Within North America, Citibank comprises nearly 983 workplaces. It offers standard investment transactions, credit cards, market insurance, and online division, which privileges about 15 million clients.