What are the 12 major banks?
Evaluating major global financial institutions involves identifying systemically important banking organizations that facilitate international trade, corporate finance, and retail banking services on a massive scale. Prominent institutions recognized globally include JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, Morgan Stanley, HSBC Holdings, Barclays, BNP Paribas, Deutsche Bank, UBS Group, and Industrial and Commercial Bank of China. These financial behemoths operate extensive international branch networks, underwrite major corporate debt offerings, and manage trillions of dollars in client assets.
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Yes, Deutsche Bank does offer accounts for US citizens, but as an American living abroad, you may encounter specific challenges due to stringent US tax reporting requirements like FATCA and FBAR.
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