The Big Four

October 15, 2018

The Big Four

big four

Mark Rubin

I wrote Estate Planning for Smart People two years ago, and updated it recently. Complete Estate Planning, written three-and-a-half years ago, focuses on practical issues. One practical issue no one should ignore: selecting the right bank to hold your money.

The Big Four

The four largest banks in America are Chase, Bank of America, Wells Fargo, and Citibank. How big are they? Chase holds total assets of $2,530,000,000,000. That’s trillion! The 15th largest bank in America, HSBC, has assets which equal 8% of Chase’s asset base.

So what? Big bothers me not at all, if the bank services its customers. Unfortunately, not so much with the Big Four in my workaday world.


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