17 Senate Democrats sell out to Wall Street.
Toby posted..Since when is $50-$250 Billion is assets considered "small"?
On of the credit unions I use has $64 Million. That's million, not billion, in assets. That's small.
The other credit union I use is a lot bigger. It has about $1 billion in assets. But I'll allow that to be called small too.
I might be willing to go as high as $5 Billion for the small designation.
But $50 to $250 Billion? No. That's not small. Based on a $250 Billion dollar cut off, only 12 banks in the entire country would be considered "Big".
Since when is $50-$250 Billion is assets considered "small"?
On of the credit unions I use has $64 Million. That's million, not billion, in assets. That's small.
The other credit union I use is a lot bigger. It has about $1 billion in assets. But I'll allow that to be called small too.
I might be willing to go as high as $5 Billion for the small designation.
But $50 to $250 Billion? No. That's not small. Based on a $250 Billion dollar cut off, only 12 banks in the entire country would be considered "Big".
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The Biggest Banks in the United States
The Breakdown of America's Banking Giants
www.thebalance.com/the-big-4-us-banks-315130BY ERIN ONEIL Updated February 14, 2017
The term Big 4 within the banking industry refers to the four largest banks within the United States: Bank of America, Chase, Citi and Wells Fargo. With each bank holding assets in the low trillions, these institutions serve the majority of personal and business account holders in the US, reportedly holding 45% of deposits within the US.
These are the big banks that many love to hate and they will not get a break.
Yes, 250 billion is a lot of money.
