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A table of the 100 largest bank holding companies in the U.S. ranked by total assets and market capitalization as of March 31, 2024. The list excludes some foreign banks with branches in the U.S. and defunct or acquired banks.
U.S. Bancorp is the parent company of U.S. Bank National Association, the fifth largest banking institution in the United States. It operates under the second-oldest continuous national charter, granted in 1863, and provides various financial services to individuals, businesses, and other entities.
Merchants traveled from Britain to the United States and established the Bank of Pennsylvania in 1780 to fund the American Revolutionary War (1775–1783). [2] During this time, the Thirteen Colonies had not established a currency, and used informal trade [clarification needed] to finance their daily activities. [2]
Learn how banking evolved in the US from the colonial era to the present day, with key events such as the creation and demise of the First and Second Banks of the United States, the Jacksonian era, and the free banking era. Explore the role of federal and state governments, private banks, and currency issues in shaping the US economy.
Learn about the fragmented and complex system of banking regulation in the U.S., which involves federal and state agencies, as well as different types of charters and activities. Find out how banks are regulated for privacy, anti-money laundering, community reinvestment, and deposit insurance.
JPMorgan Chase is the largest bank in the U.S. and the world by market capitalization as of 2023. It was formed by the merger of Chase Manhattan Bank and J.P. Morgan & Co. in 2000, and has a history dating back to 1799.
On average, between 1980 and 1994, a US bank failed every three days. The pace of bankruptcies peaked immediately after the 2008 financial crisis. [1] The 2007–2008 financial crisis led to many bank failures in the United States. The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012. [2]
Chase Bank is the consumer and commercial banking subsidiary of JPMorgan Chase, the largest bank in the U.S. by assets and branches. It was formed by the merger of Chase National Bank and the Manhattan Company in 1955 and has a history dating back to 1799.