15 largest US banks hold $13.7tn in assets

The United States biggest banks have grown substantially. The top 15 largest banks now hold a combined total of $13.7 trillion in assets.  And the top 10 banks' share is approaching 80% of that figure, at $10 trillion.  Not only does size matter, the concentration of assets held increases exponentially as you move up the food chain.

On our home page, we noted that, the value of the top 10 US FinTech companies was $88.1bn. With the top 5 US Banks being 4 times larger than the next 5 and those 2nd tier banks being almost 3 times the size of the top 10 Fintechs,  this poses an interesting question. "How can small incumbent bank compete with both these existing giants and the continual onslaught of neobanks, challenger banks and non-banks offering banking services"? ​

Source: https://www.bankrate.com/banking/biggest-banks-in-america/.  Consider following the author, Amanda Dixon, on twitter at https://twitter.com/amandaadixon


​Posted by Peter Oakes (www.peteroakes.com / Twitter @oakeslaw @US_Fintech @FintechUK_HQ @FintechIreland)
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