They can't fail -- they've got too much of our money

Too big to fail, quickly defined: The nation’s five biggest banks held 37% of all U.S. bank deposits as of June 30, according to a tally by SNL Financial. (Chart is below.)

Compared with a year earlier, Bank of America easily held on to the No. 1 spot, with $907 billion in deposits, or 12% of the U.S. total.

Wells Fargo & Co. ranked No. 2, thanks to its acquisition of Wachovia Corp. last year. Wells had $759 billion in deposits as of June 30, or 10% of the nation's total.

BofA and Wells also top the list of the biggest banks that haven't yet repaid all of the taxpayer capital they got under the Troubled Asset Relief Program (TARP) in 2008.

JPMorgan Chase, which took over failed Washington Mutual last year, ranked third in deposits, with 8.5% of the market; Citigroup came in fourth, with 4.2%; and PNC Financial surged to fifth, with 2.4%, up from 16th place a year earlier.

Pittsburgh-based PNC leapfrogged other banks with its purchase of National City Corp. of Cleveland, another casualty of last year’s financial collapse.

"While the top banks have retained their stronghold on the market, industry consolidation has opened the door for other banks to grab a larger slice of the pie," said Kris Niswander, associate director of SNL’s financial institutions group.

"Our analysis points to large regional and community banks as gaining the most ground in 2009," Niswander said.

Total bank deposits reached $7.56 trillion as of June 30, up 7.1% from a year earlier, as Americans socked more away in the relative safety of federally insured accounts.

-- Tom Petruno

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2009 rank	2008 rank	Bank	Deposits (blns.)	U.S.  market  share
1	1	Bank of America	$907	12.0%
2	4	Wells Fargo	759	10.0
3	2	JPMorgan Chase	640	8.5
4	5	Citigroup	321	4.2
5	16	PNC Financial	184	2.4
6	7	US Bancorp	153	2.0
7	8	SunTrust Banks	118	1.6
8	12	Capital One	114	1.5
9	14	BB&T	114	1.5
10	11	Toronto-Dominion	105	1.4

Comments

[Tab Cocovillea]

Nothing is too big to fail. They could still, despite the foolish intervention of our failing corporatist government.

[olga lednichenko]

is this is not preposterous - then what is?

Oh no.. i am sorry.. this line has been used so many times.. so.. how about this:

" :) -"

:(

which one of the above - is the one - symbol we need to tattoo? -> :) or :(

:) -> we saved those - who were *too big to fail* -> we are heros - and now we can talk to the greatest generation - with our head head high : sort of like " papa.. i agree we didnt have to deal with the concentration camps, and what not - but you see we are still working hard - because you guys were too big to fail - we are carrying that responsibility for that *nation-building call et all"

But :( -> because -> " while we are ready to roll our sleeves - take the heat - and get ready for that call being made - that nation building et all.. -> perhaps - it would be nice if we can have a JOB? "

oh are are we supposed to bite our nails and question our dismay?
cheers
olga shulman lednichenko