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The US Banking Tapeworm 20

Following is Solari's list of the 20 Best Banks to flush from our lives in the US. In 2004 alone these 20 banks reaped $89 billion in net income, while in the same year US households ran a deficit of $342 billion [1]. Think what could happen if we turned the tables?

1. Bank of America
2. Bank of New York
3. Barclays
4. BB&T
5. Citibank/Citigroup
6. Citizens
7. Credit Suisse
8. Deutsche Bank
9. HSBC
10. JP Morgan Chase
11. Mellon
12. Merrill Lynch
13. PNC
14. Royal Bank of Canada
15. State Street
16. Sumitomo
17. SunTrust
18. UBS
19. Wachovia
20. Wells Fargo

TOTAL NET INCOME $89 Billion

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[1]Households Run Record $342 Billion Deficit!,
Article: The Northern Trust Company Economic Research Department, October 2004

See also Northern Trust's library of related articles:
http://www.northerntrust.com/library/econ_research/weekly/us/

Going Local with Your Bank

 
 
         

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