11 Facts You Need To Know About The Nation’s Biggest Banks

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#Banks #BankofAmerica #Barclays #GoldmanSachs #CreditSuisse #JPMorganChase #WellsFargo #Citigroup

– Bank profits are highest since before the recession…

– …even as the banks plan thousands of layoffs

– Banks make nearly one-third of total corporate profits

– Since 2008, the biggest banks have gotten bigger

— are now bigger than they were pre-recession

– The four biggest banks issue 50 percent of mortgages and 66 percent of credit cards

– The 10 biggest banks hold 60 percent of bank assets

– The six biggest banks hold assets equal to 63 percent of the country’s GDP

– The five biggest banks hold 95 percent of derivatives

– Banks cost households nearly $20 trillion in wealth

– Big banks don’t lend to small businesses

– Big banks paid 5,000 bonuses of at least $1 million in 2008

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