The data describes the biggest banks in the U.S. as of December 2017, by total assets. JPMorgan Chase & Co led the ranking, with assets amounting to approx. 2.53 trillion USD.
The banking sector - additional information
Historically, a key characteristic of the banking sector in the U.S. was that the industry was made up by a very large number of very small banks. These banks were supervised, regulated and were chartered at both a national and state level. Ownership of banks was restricted and investments in industrial companies were limited, as was the level of authority to provide customers with insurance, securities and property related services.
