The top five banks and thrifts in the ranking had combined assets of more than $13 trillion as of June 30. A majority of the top 20 increased their assets over the previous year, with American Express seeing the largest increase of 11.2%.
Scroll through to see which banks and thrifts are in the top 20 and how they fared in the 12 months ended June 30.
Source: S&P
The Minneapolis-based banking giant posted a third-quarter profit, although average total loans slipped 1% from a year earlier. Slower business and commercial real estate lending more than offset gains in the bank's consumer portfolio.
The company, which partners with retailers on store credit cards, saw spending volumes slip during the third quarter. But cardholders' outstanding balances rose, driving more interest revenues.
For more than a decade, the bank allowed billions of dollars from illicit activities to flow through the U.S. financial system unchecked. Some are wondering why examiners didn't put a stop to it sooner.
The top five banks and thrifts had combined assets of more than $13 trillion as of June 30, 2024.
The investment banking giant is selling its General Motors credit card portfolio to Barclays, which is looking to grow and diversify its U.S. cards business. It's part of Goldman's retreat from consumer banking.
The Consumer Financial Protection Bureau and Department of Justice issued a consent order against Wisconsin-based nonbank mortgage originator Fairway Independent Mortgage over redlining allegations. Fairway is the country's fifth-largest mortgage originator by volume.
