Real American Independence Means Freedom from Debt, Spending Minyanville Staff Jul 02, 2009 3:55 pm |
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The 20 biggest banks in the country control $3.5 trillion of our $7.1 trillion total deposits. There are 8,400 banks in the country -- but only 20 control 50% of the deposits. The list below reads like a who’s-who of the worst-run banks in history -- the ones that took the greatest risks and lost the most money.
Click to enlarge.
The total credit-card debt outstanding in the US at the end of 2008 was $960 billion. The top 15 credit-card issuers hold $793 billion of this debt, or 83%. They also hold a major portion of auto loans, home-equity loans, and personal loans.
Do any of these names ring a bell? The top 15 issuers of general-purpose credit cards for 2008, based on outstandings:
1. Chase (JPM) -- $183.32 billion
2. Bank of America (BAC) -- $166.32 billion
3. Citicorp (C) -- $106.74 billion
4. American Express -- $88.02 billion
5. Capital One -- $60.08 billion
6. Discover (DFS) -- $49.69 billion7. Wells Fargo (WFC) -- $36.36 billion
8. HSBC (HSBC) -- $29.97 billion
9. US Bank (USB) -- $18.53 billion
10. USAA -- $17.48 billion
11. Barclays (BCS) -- $11 billion
12. Target (TGT) - $8.65 billion
13. GE Money (GE) - $7.51 billion
14. Advanta (ADVNB) - $5.02 billion
15. First National (FNSC) - $4.93 billion
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