What are the six major banks?
In the context of the United States banking sector, the term six major banks typically refers to the dominant financial institutions classified as Global Systemically Important Banks (G-SIBs). This premier group includes JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley. These massive financial powerhouses command trillions of dollars in combined assets, possess extensive global footprints, and provide a comprehensive suite of commercial banking, investment banking, wealth management, and market-making services. Because of their critical scale and deep integration into the domestic and international monetary systems, they are subject to rigorous regulatory stress testing and heightened capital adequacy oversight by federal authorities.
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