THE LARGEST BANKS OF THE US. Plan 1. United States' Largest Banks 2. Bank of America 3. JPMorgan Chase 4. Citigroup Inc.

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Presentation transcript:

THE LARGEST BANKS OF THE US

Plan 1. United States' Largest Banks 2. Bank of America 3. JPMorgan Chase 4. Citigroup Inc.

30 Largest U.S. Banks ranked by deposits 1. United States' Largest Banks

30 Largest U.S. Banks ranked by deposits

The following list shows the largest banks in the U.S., as of March 31, The assets are listed in millions of dollars.

Continue

Bank of America Bank of America Corporate Center, located in the heart of Uptown Charlotte. Industry: Banking Financial services Investment services Founded - Charlotte, North Carolina (1874) Headquarters North Tryon Street, Charlotte, North Carolina, U.S. Area served – Worldwide Key people: Charles O. Holliday (Chairman) Brian Moynihan (President and CEO) Products:Finance and insurance Retail banking Commercial banking Investment banking Investment management Private banking Private equity Mortgages Credit cards

Bank of America Corporation is a financial services company, the largest bank holding company in the United States, by assets, and the second largest bank by market capitalization. Bank of America serves clients in more than 150 countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500. The company is a member of the Federal Deposit Insurance Corporation (FDIC) and a component of both the S&P 500 Index and the Dow Jones Industrial Average. As of 2010, Bank of America is the 5th largest company in the United States by total revenue, as well as the second largest non-oil company in the US (after Wal-Mart). In 2010,Forbes listed Bank of America as the 3rd "best" large company in the world. Bank of America

JP Morgan Chase JP Morgan Chase Headquarters at 270 Park Avenue in New York. Industry – Banking Financial services Founded - New York City, New York (1799) Headquarters - New York City, New York, U.S. Area served – Worldwide Key people - Jamie Dimon (Chairman, President & CEO) Products:Finance and insurance Consumer Banking Corporate Banking Investment Banking Global Wealth Management Mortgage loans Credit Cards

JPMorgan Chase & Co. is a global investment banking and securities firm. It is a major provider of financial services with assets of $2 trillion, and the largest market capitalization and third largest deposit base U.S. banking institution behind Wells Fargo and Bank of America. The hedge fund unit of JPMorgan Chase is the largest hedge fund in the United States with $53.5 billion in assets as of the end of Formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co., the firm serves millions of consumers in the United States. The JP Morgan brand is used by the Investment Bank as well as the Asset Management, Private Banking, Private Wealth Management, and Treasury & Securities Services divisions. Fiduciary activity within Private Banking and Private Wealth Management is done under the aegis of JPMorgan Chase Bank, N.A.—the actual trustee. The CHASE brand is used for credit card services in the United States and Canada, the bank's retail banking activities in the United States, and commercial banking. The corporate headquarters are in New York City and the retail and commercial bank is headquartered in Chicago. JP Morgan Chase

Citigroup Inc. Citigroup's world headquarters building, 399 Park Avenue, New York City. Industry: Banking Financial services Founded - New York City, New York (1812) Headquarters - New York City, New York, U.S. Area served – Worldwide Key people: Richard D. Parsons (Chairman) Vikram Pandit (CEO) John Gerspach (CFO) Products: Consumer banking Corporate banking Investment banking Global wealth management Financial analysis Private equity

Citigroup Inc. Citigroup Inc. (branded Citi) is a major American financial services company based in New York City. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate Travelers Group on April 7, Citigroup Inc. has the world's largest financial services network, spanning 140 countries with approximately 16,000 offices worldwide. The company employs approximately 260,000 staff around the world, and holds over 200 million customer accounts in more than 140 countries. It is a primary dealer in US Treasury securities. Citigroup suffered huge losses during the global financial crisis of 2008 and was rescued in November 2008 in a massive bailout by the U.S. government. Its largest shareholders include funds from the Middle East and Singapore. On February 27, 2009, Citigroup announced that the United States government would take a 36% equity stake in the company by converting $25 billion in emergency aid into common shares; the stake was reduced to 27% after Citigroup sold $21 billion of common shares and equity in the largest single share sale in US history, surpassing Bank of America's $19 billion share sale one month prior. Citigroup is one of the Big Four banks in the United States, along with Bank of America, JP Morgan Chase and Wells Fargo.

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