This week SNL Financial released the list of the biggest 50 U.S. banks and thrifts based on assets as of 2Q, 2010. The list is shown below with tickers included for banks that are public traded:
[TABLE=525]
Some of the key points from the rankings are:
1. First Niagara Financial Group Inc jumped to 38th position after its recent takeover of NewAlliance Bancshares Inc.
2. Bank of America(BAC) and JPMorgan & Chase(JPM) are the only banks with assets of over $2 Trillion each.
3. TD Bank US Holding Co and RBC BanCorp are US subsidiaries of Canadian banks Toronto-Dominion Bank(TD) and Royal Bank of Canada(RY) respectively.
4. Other US subsidiaries of foreign banks in the list are: HSBC North America Holdings Inc. of HSBC Holdings (HBC) of UK,
ING Bank FSB of ING Groep(ING) of The Netherlands, Santander Holdings USA Inc of Banco Santander (STD) of Spain and BBVA USA Bancshares Inc. of Banco Bilbao Vizcaya Argentaria (BBVA) of Spain.
