Before the global financial crisis and today, America's banking industry has become highly concentrated. So say economic experts. In aftermath of the financial crisis, three of the four top US banks got even bigger.
"Big Four"
The titans of the financial sector in the US for now are:
- Bank of America
- JP Morgan Chase
- Citigroup
- Wells Fargo
During the crisis, the four largest banks, JP Morgan Chase, Bank of America, Citigroup and Wells Fargo, got bigger. Undoubtedly, the US largest financial institutions make an impact far beyond just the banking industry and not only inside the country, but around the whole globe.
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