What bank is least likely to fail?
Companies Considered Too Big to Fail
The Bank of New York Mellon Corp. Citigroup Inc. The Goldman Sachs Group Inc. JPMorgan Chase & Co.
Companies Considered Too Big to Fail
The Bank of New York Mellon Corp. Citigroup Inc. The Goldman Sachs Group Inc. JPMorgan Chase & Co.
| Bank | Assets | FDIC Insured? |
|---|---|---|
| JP Morgan Chase | $3.40 trillion | Yes |
| Bank of America | $2.54 trillion | Yes |
| Wells Fargo | $1.73 trillion | Yes |
| Citi | $1.68 trillion | Yes |
| Bank NameBank | CityCity | Closing DateClosing |
|---|---|---|
| Heartland Tri-State Bank | Elkhart | July 28, 2023 |
| First Republic Bank | San Francisco | May 1, 2023 |
| Signature Bank | New York | March 12, 2023 |
| Silicon Valley Bank | Santa Clara | March 10, 2023 |
| Bank | Forbes Advisor Rating | Products |
|---|---|---|
| Chase Bank | 5.0 | Checking, Savings, CDs |
| Bank of America | 4.2 | Checking, Savings, CDs |
| Wells Fargo Bank | 4.0 | Savings, checking, money market accounts, CDs |
| Citi® | 4.0 | Checking, savings, CDs |
- Wells Fargo. BBB customer review rating: 1.06/5. ...
- Credit One. BBB customer review rating: 1.11/5. ...
- Bank of America. BBB customer review rating: 1.06/5. ...
- Chase Bank. BBB customer review rating: 1.1 / 5. ...
- US Bank. BBB customer review rating: 1.1 / 5.
- First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
- Huntington Bancshares (HBAN) . Above average capital risk.
- KeyCorp (KEY) . Above average capital risk.
- Comerica (CMA) . ...
- Truist Financial (TFC) . ...
- Cullen/Frost Bankers (CFR) . ...
- Zions Bancorporation (ZION) .
| Rank by Asset Size | Bank Name | Total Assets |
|---|---|---|
| 1. | Chase Bank | $3.38 trillion |
| 2. | Bank of America | $2.45 trillion |
| 3. | Wells Fargo | $1.7 trillion |
| 4. | Citibank | $1.68 trillion |
| RANK | BANK NAME | PREVIOUS RANK |
|---|---|---|
| 1 | JPMorgan Chase | 1 |
| 2 | Bank of America | 2 |
| 3 | Wells Fargo | 4 |
| 4 | Citigroup | 3 |
The worst banks are Wells Fargo and Citibank. Wells Fargo is the worst bank overall, with a high percentage of unresolved complaints and loss of Better Business Bureau accreditation. Citibank has a string of high-profile cases involving operational chaos and regulatory fines.
What are the 5 top banks?
- The largest banks in the U.S.
- Chase: $2.61 trillion.
- Bank of America: $2.34 trillion.
- Wells Fargo Bank: $1.68 trillion.
- Citibank: $1.01 trillion.
- U.S. Bank: $646.73 billion.
- PNC Bank: $551.13 billion.
- Goldman Sachs: $463.99 billion.
2024 in Brief
There are no bank failures in 2024. See detailed descriptions below.
The collapses of Silicon Valley Bank and Signature Bank in March 2023—then the second- and third-largest bank failures in U.S. history—took consumers by surprise. Subsequently, three more banks failed in 2023: First Republic Bank in May, Heartland Tri-State Bank in July and Citizens Bank of Sac City in November.
Your money is safe at Capital One
The FDIC insures balances up to $250,000 held in various types of consumer and business deposit accounts.
- JP Morgan Private Bank. “J.P. Morgan Private Bank is known for its investment services, which makes them a great option for those with millionaire status,” Kullberg said. ...
- Bank of America Private Bank. ...
- Citi Private Bank. ...
- Chase Private Client.
| Rank | Company Name | Fitch |
|---|---|---|
| 1 | KfW | AAA |
| 2 | Zuercher Kantonalbank | AAA |
| 3 | BNG Bank | AAA |
| 4 | Landwirtschaftliche Rentenbank | AAA |
Wells Fargo, along with thousands of other financial institutions, is FDIC-insured. FDIC insurance limits cap at $250,000.
Asset-heavy, diversified and regulated banks like JPMorgan Chase, Wells Fargo, PNC Bank and U.S. Bank are among the safest banks in the U.S. and should be considered if you are weighing your options.
As the following chart shows, JPMorgan along with Bank of America, Wells Fargo and Citibank tower above the competition in terms of deposits. With combined domestic deposits of $6.1 trillion at the end of 2022, these big four exceeded the combined deposits of their 33 closest competitors at the time.
RBI continues to classify SBI, ICICI Bank and HDFC Bank in the category of D-SIBs. But, what are D-SIBs? These are the banks which are so important for the country's economy that the government cannot afford their collapse. Hence, D-SIBs are thought of as “Too Big to Fail” (TBTF) organisations.
Are any banks safe right now?
Your money is safe in a bank with FDIC insurance. A bank account is typically the safest place for your cash, since banks can be insured by the Federal Deposit Insurance Corp. up to $250,000 per depositor, per insured institution, per ownership category.
JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets.
Based on the analysis of Bank of America's financial health, risk profile, and regulatory compliance, we can conclude that the bank is relatively safe from any trouble or collapse.
1. JP MORGAN PRIVATE BANK. JP Morgan is named the world's best private bank by Euromoney magazine, the leading authority for the world's banking and financial markets. JP Morgan Private Bank is especially known for their investment services, which makes them a great option for those with a lot of money in their account ...
- Capital One 360 Checking: Best online checking account.
- Chase Total Checking®: Best for a large branch network.
- Axos Bank Rewards Checking: Best for online account options.
- Discover® Bank: Best for doing all of your banking at one place.
- Synchrony Bank: Best high-yield savings account.
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