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: Mortgage Lender Implode-o-Meter

Number of the Week: Big Banks Gobble Up Market Share

By Implode-Explode Heavy Industries

``The top five U.S. commercial and investment banks ? Bank of America, J.P. Morgan Chase, Citigroup, Wells Fargo and Goldman Sachs ? have emerged from the financial crisis larger than ever. As of the third quarter of 2010, they had a total of $8.6 trillion in assets, according to data provider Capital IQ. That?s 13.3% of all U.S. financial firms? assets, up from 11.8% three years earlier, when the financial crisis hit.''

Full post as published by Mortgage Lender Implode-o-Meter on January 17, 2011 (boomark / email).