Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By ChasVoice (Reporter)
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

Too Big to Fail Banks Ranked

Friday, March 6, 2015 7:21

% of readers think this story is Fact. Add your two cents.

An ethical person – like a politician, banker or lawyer – may know right from wrong, but unlike a politician, a moral person lives it. “Marx and Engels never tried to refute their opponents with argument. They insulted, ridiculed, derided, slandered, and traduced them, and in the use of these methods their followers are not less expert. Their polemic is directed never against the argument of the opponent, but always against his person.” – Socialism http://chasvoice.blogspot.com/

Friday, March 06, 2015

JPMorgan Chase has earned the distinction of being the largest bank among those deemed too-big-to-fail for the sake of the U.S. financial and economic systems, according to a new government report (pdf).

The federal Office of Financial Research (OFR) ranked 12 U.S. financial institutions based on their “total exposures.”

No. 1 was JPMorgan Chase followed by Citigroup, Bank of America, Wells Fargo, Goldman Sachs and Morgan Stanley.

The remaining six banks were U.S. Bancorp, PNC Financial Services, Bank of New York Mellon, HSBC N.A. Holdings, State Street and Capital One.

Among the conclusions produced in the report are findings that “the largest U.S. banks generally scored highest for all systemic risk indicators,” and that “several of the largest banks scored high in systemic importance because they dominate specific businesses, such as payments and asset custody services.”

The authors of the OFR report based their findings on data collected by the Federal Reserve System. That data was significant, they said, because it provides additional transparency that helps to quantify important aspects of the banking system.

Their evaluation was made by comparing scores on the banks’ sizes, global activity, complexity, interconnectedness, and dominance in certain areas of customer service.

- Danny Biederman, Noel Brinkerhoff

To Learn More:

Systemic Importance Indicators for 33 U.S. Bank Holding Companies: An Overview of Recent Data (by Meraj Allahrakha, Paul Glasserman, and H. Peyton Young, Office of Financial Research) (pdf)

15,559 Sign Petition Opposing Merger to Create New “Too-Big-to-Fail” Bank (by Ken Broder, AllGov California)

Bailout Helped Banks “Too Big to Fail” Get Bigger (by Noel Brinkerhoff, AllGov)

Source: http://chasvoice.blogspot.com/2015/03/too-big-to-fail-banks-ranked.html

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Total 1 comment

anonymous

100% GUARANTEED TO KICK THE GOV OUT OF YOUR CITY AND NATION! This is a REAL WORLD plan that will physically save you and your families lives once Martial Law starts, you need to read this. So far, in 72+ hours, not one single person can find 1 valid fact on any of the tactics to make them not work. So if you want our nation to become free and kick the current criminal gov out of power, this is how you do it. It can not be so simple, and it starts in your very own city. Once you read it, I promise you, you will never ever forget it in your life. Prove me wrong if you’re man enough, or smarter then everyone else. Got the guts take 2 minutes out and read the beginning of the story, and then you will be hooked. Got the guts to read the only real life news story? Prove me wrong; which won’t happen…

/protests-demonstrations/2015/03/2nd-revolutionary-war-time-place-revealed-100-guaranteed-victory-2455478.html

Mar 6, 2015, 12:38 pm -1 Reply

Online:
Visits:	1,599,840,424
Stories:	8,140,391