Gross Domestic Product
Last updated 6 years ago
CHART: Big Banks Are Bigger Than Ever
Too Big to Fail? Big Banks Are Bigger Than Ever - The 4 biggest banks in the U.S., JP Morgan, Bank of America, Citigroup, & Wells Fargo, hold $7.8 trillion in assets altogether, up from $6.4 trillion when the crisis hit in 2008. That means their combined assets today amount to 47% of gross domestic product (GDP), up from 43% 5 years ago. The 6 biggest, which includes Goldman Sachs and Morgan Stanley, have $9.6 trillion in assets, which comes to 58% of GDP.
The World's Richest Countries And Biggest Economies, In 2 Graphics
GDP (Current Exchange Rate) Gross Domestic Product — GDP — may have its limits. But it's a useful, broad measure for looking at national economies. It's basically the total dollar value of all of the goods and services a country produces in a year.