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Just how big are the largest banks in the U.S.? Here’s a little perspective:
In the past few months, JPMorgan Chase has agreed to pay, depending on how you do the math, somewhere between $22 billion and $25 billion in fines and penalties for various illegal activities, from hiding its suspicions about Ponzi schemer Bernie Madoff to misleading investors about the notorious London Whale.
Meanwhile, as of the third quarter of 2013, 99.1 percent of banks chartered in the U.S. had less than $20 billion in total assets on their books.
ust how big are the largest banks in the U.S.? Here’s a little perspective:
In the past few months, JPMorgan Chase has agreed to pay, depending on how you do the math, somewhere between $22 billion and $25 billion in fines and penalties for various illegal activities, from hiding its suspicions about Ponzi schemer Bernie Madoff to misleading investors about the notorious London Whale.
Meanwhile, as of the third quarter of 2013, 99.1 percent of banks chartered in the U.S. had less than $20 billion in total assets on their books.
- See more at: http://www.thefiscaltimes.com/Articles/2014/01/09/It-Time-Break-Big-Banks#sthash.lIfVEuUi.dpuf