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Big Banks' Market Share Grows

Sunday, January 16, 2011 - 1:52 PM
From the WSJ Real Time Economics Blog:
The top five U.S. commercial and investment banks - Bank of America, J.P. Morgan Chase, Citigroup, Wells Fargo and Goldman Sachs - have emerged from the financial crisis larger than ever. As of the third quarter of 2010, they had a total of $8.6 trillion in assets, according to data provider Capital IQ. That’s 13.3% of all U.S. financial firms’ assets, up from 11.8% three years earlier, when the financial crisis hit.
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Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
1. Sunday, January 16, 2011 - 10:52 PM
In 1995, the assets of the six largest banks totaled 17 percent of the nation’s gross domestic product. Now they have assets amounting to 63 percent of G.D.P. Measured another way, the share of all banking industry assets held by the top 10 banks rose to 58 percent last year, from 44 percent in 2000 and 24 percent in 1990.
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ShorebreakShorebreak2,696 posts since
Apr 6, 2010
Rep Points: 14,620
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