The top 15 banks control 75% of deposits in the US. Percentage of Deposits Controlled by US Banks:
1. JP Morgan: 16.1%
2. Bank of America: 14.8%
3. Wells Fargo: 10.9%
4. Citibank: 5.8%
5. US Bank: 3.4%
6. Truist: 3.4%
7. PNC Bank: 3.3%
8. TD Bank: 2.9%
9. Charles Schwab: 2.7%
10. Capital One: 2.6%
Meanwhile, JP Morgan and Bank of America are potential bidders for First Republic Bank which is failing. Shares of First Republic were in free-fall all week. The stock price, which peaked in early February at $147, began the week around $14 and closed Friday at $3.51.
It’s a steep fall for First Republic, which was well regarded in the banking industry and enjoyed rapid growth in recent years. Over the past four years, its total assets more than doubled to $212 billion, and its workforce grew to more than 7,200 employees from around 4,500.
₿rMoon /
npub10m…xgyne
2023-04-30 16:58:06
Author Public Key
npub10m00n0ek7y70zl4yp40hlpz9nhyajt3chu36tnrhlfsrcn4eglmsjxgynePublished at
2023-04-30 16:58:06Event JSON
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"content": "The top 15 banks control 75% of deposits in the US. Percentage of Deposits Controlled by US Banks:\n\n1. JP Morgan: 16.1%\n2. Bank of America: 14.8%\n3. Wells Fargo: 10.9%\n4. Citibank: 5.8%\n5. US Bank: 3.4%\n6. Truist: 3.4%\n7. PNC Bank: 3.3%\n8. TD Bank: 2.9%\n9. Charles Schwab: 2.7%\n10. Capital One: 2.6%\n\nMeanwhile, JP Morgan and Bank of America are potential bidders for First Republic Bank which is failing. Shares of First Republic were in free-fall all week. The stock price, which peaked in early February at $147, began the week around $14 and closed Friday at $3.51.\n\nIt’s a steep fall for First Republic, which was well regarded in the banking industry and enjoyed rapid growth in recent years. Over the past four years, its total assets more than doubled to $212 billion, and its workforce grew to more than 7,200 employees from around 4,500.",
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}