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JPMorgan Chase holds 13.6% of all US bank deposits
Original: JPMorgan Chase Bank alone holds 13.6% of all deposits in FDIC-insured US banks. # Banking # Finance # OpenData # sixdegr
JPMorgan Chase Bank holds 13.6% of all deposits in FDIC-insured banks across the United States, according to a figure circulating in banking and finance discussions. The statistic highlights the scale of concentration in the American banking sector, where a single institution accounts for roughly one in seven deposit dollars covered by federal insurance. Commenters are weighing what such concentration means for financial stability.
Why now: The striking statistic about deposit concentration in one bank is drawing attention amid ongoing debate about the size and systemic importance of major US banks.
JPMorgan ChaseFDICUnited States
Evidence
- JPMorgan Chase Bank alone holds 13.6% of all deposits in FDIC-insured US banks. # Banking # Finance # OpenData # sixdegrees · crawlie@sixdegrees.net · 1
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