To say that there are numerous banks would be an understatement, especially in America. However, some establishments are larger than others, and for good reason. Whether it's due to recognition, service, or what have you, these establishments are known not only in America but the world over. For a better understanding of the topic at hand, here is some information regarding the top 4 banks in the country, courtesy of Robert Jain.
Citigroup - Located in New York, Citigroup was founded more than 205 years ago on June 16, 1812. Even though this establishment began as a bank, it soon branched out, as names like Bob Jain can attest. For proof of this, all you have to do is look at Citi Field, which is a ballpark that currently functions as the home territory of the New York Mets. Citigroup has over $1.8 billion in total assets, making it the fourth largest bank in America.
Wells Fargo - Coming in third place, as far as total assets are concerned, Wells Fargo is valued at more than $1.9 billion. This makes it a standout name as is, but many people don't know that the company in question owns several museums which are collectively known as the Wells Fargo History Museum. They are located in areas including Philadelphia, Sacramento, and Charlotte. What this means is that, depending on where you live, you could theoretically make a drive to one of these locations during a vacation.
Bank of America - As the second largest bank in the world, its assets valued at more than $2.2. billion, Bank of America has an interesting history. Did you know that, when it was formed in 1904, it was known as Bank of Italy? Amadeo Pietro Giannini, the founder of the company, had the goal of assisting those that moved into the United States from a financial standpoint. This was noteworthy, given the fact that banks often only serviced the wealthy during this time. As Bank of Italy grew, so did its clientele and areas where it operated.
JPMorgan Chase - Depending on who you ask, they may say that JPMorgan Chase is the biggest bank in America. It's not hard to see why, either, not only in regard to its history but its total assets, the latter of which are valued at over $2.5 billion. Its line of products, including commercial banking and asset management, can't be denied either. These are just a few reasons why JPMorgan Chase is well-known, and why this is unlikely to fade anytime soon.
Citigroup - Located in New York, Citigroup was founded more than 205 years ago on June 16, 1812. Even though this establishment began as a bank, it soon branched out, as names like Bob Jain can attest. For proof of this, all you have to do is look at Citi Field, which is a ballpark that currently functions as the home territory of the New York Mets. Citigroup has over $1.8 billion in total assets, making it the fourth largest bank in America.
Wells Fargo - Coming in third place, as far as total assets are concerned, Wells Fargo is valued at more than $1.9 billion. This makes it a standout name as is, but many people don't know that the company in question owns several museums which are collectively known as the Wells Fargo History Museum. They are located in areas including Philadelphia, Sacramento, and Charlotte. What this means is that, depending on where you live, you could theoretically make a drive to one of these locations during a vacation.
Bank of America - As the second largest bank in the world, its assets valued at more than $2.2. billion, Bank of America has an interesting history. Did you know that, when it was formed in 1904, it was known as Bank of Italy? Amadeo Pietro Giannini, the founder of the company, had the goal of assisting those that moved into the United States from a financial standpoint. This was noteworthy, given the fact that banks often only serviced the wealthy during this time. As Bank of Italy grew, so did its clientele and areas where it operated.
JPMorgan Chase - Depending on who you ask, they may say that JPMorgan Chase is the biggest bank in America. It's not hard to see why, either, not only in regard to its history but its total assets, the latter of which are valued at over $2.5 billion. Its line of products, including commercial banking and asset management, can't be denied either. These are just a few reasons why JPMorgan Chase is well-known, and why this is unlikely to fade anytime soon.
About the Author:
Contact Bobby Jain in case you have any questions regarding finance.. Also published at Robert Jain: The Top 4 Banks In America.
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