If you bank in America, chances are that you do your business with a large entity. However, until you look at the concrete facts, you may not be aware of just how large said entity is. This is where the following information provided by Robert Jain comes into play. As far as American banks are concerned, here are the 4 biggest names to be aware of, as well as why they possess the recognition they enjoy today.
Citigroup - Whether you bank specifically with this company or not, Citigroup should be a familiar name to you. This should be especially true if you're a New Yorker, as its Citi Field baseball stadium functions as the New York Mets' home location. As a bank, Citigroup was founded on June 16, 1812, and currently has more than $1.8 billion in assets. To say that this makes it a successful bank would be an understatement and names such as Bob Jain can agree.
Wells Fargo - With over $1.9 billion in total assets, Wells Fargo is the third largest bank in the world. Located in San Francisco, California, it was founded more than 165 years ago on March 18, 1852. Not only is it a big name from a banking standpoint, but it also operates 11 locations collectively known as the Wells Fargo History Museum. These locations are scattered across 11 locations, Charlotte, North Carolina and Los Angeles, California included, and they are must-see locations for those that are intrigued by finance.
Bank of America - This is the second largest bank, as far as total assets are concerned, as they are collectively valued at over $2.2 billion. Bank of America's headquarters are in Charlotte, North Carolina, and the company's history dates back to 1904, when it was known as Bank of Italy. During this time, the company was focused on assisting those that were moving into the United States. As time went on, the company expanded and currently assists clients from a litany of locations.
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 - Whether you bank specifically with this company or not, Citigroup should be a familiar name to you. This should be especially true if you're a New Yorker, as its Citi Field baseball stadium functions as the New York Mets' home location. As a bank, Citigroup was founded on June 16, 1812, and currently has more than $1.8 billion in assets. To say that this makes it a successful bank would be an understatement and names such as Bob Jain can agree.
Wells Fargo - With over $1.9 billion in total assets, Wells Fargo is the third largest bank in the world. Located in San Francisco, California, it was founded more than 165 years ago on March 18, 1852. Not only is it a big name from a banking standpoint, but it also operates 11 locations collectively known as the Wells Fargo History Museum. These locations are scattered across 11 locations, Charlotte, North Carolina and Los Angeles, California included, and they are must-see locations for those that are intrigued by finance.
Bank of America - This is the second largest bank, as far as total assets are concerned, as they are collectively valued at over $2.2 billion. Bank of America's headquarters are in Charlotte, North Carolina, and the company's history dates back to 1904, when it was known as Bank of Italy. During this time, the company was focused on assisting those that were moving into the United States. As time went on, the company expanded and currently assists clients from a litany of locations.
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.
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