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6/20/11--Industry Opinions: Financial Education, Underwriting Regs, TBTF, Mortgage Insurance |
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Tuesday, 21 June 2011 06:28 |
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And the Federal Reserve Board recently released information on the Top 50 bank holding companies in the US as of March 31 2011. It is apparent that "too big to fail" banks are still too big to fail, and wonders if that should really be a goal of our government. The four largest US bank holding companies each have assets above $1 trillion (Bank of America and JPMorgan Chase are above $2 trillion) and control roughly 52% of all assets of the entire group. All told, the top 50 bank holding companies control over $14.6T in assets.
Link to article |