Tuesday, April 19, 2011

U.S. Largest Banks

US banking is regulated by both the federal and state governments and these sector has contribution on the total US economy about 15% of the GDP of the United States or 43% of its national debt. So undoubtedly its a big sector in the entire USA. At present the top ranking US banks are:

1. Bank of America Corp
2. J. P. Morgan Chase & Company
3. Citigroup
4. Wells Fargo & Company
5. Goldman Sachs Group, Inc.
6. Morgan Stanley
7. Metlife, Inc.
8. Barclays Group US, Inc.
9. Taunus Corporation
10. HSBC North America Inc

Source: Federal Reserve System, National Information Center (as of Mar. 31, 2010).


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