Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Financial Planning > Behavioral Finance

Too big to fail: a look at the big 5 SIFIs [infographic]

X
Your article was successfully shared with the contacts you provided.

As MetLife prepares for its lawsuit against the Financial Stability Oversight Council, which has labeled the life insurer a systematically important financial institution (SIFI), an examination of the financial impact of MetLife’s counterparts in the banking sector should prove a useful exercise.

By almost any measure, that impact is huge. As indicated in the infographic below, a 2012 report of the Government Accountability Office (GAO) estimates that U.S. economic losses connected with the 2007-2009 credit crisis could exceed $10 trillion. Homeowner losses were nearly as great: $9 trillion in equity.

Collectively, the five largest U.S. financial institutions — JP Morgan Chase, Bank of America, Citigroup, Wells Fargo and Goldman Sachs — account also for $9 trillion in assets. The biggest of them, JP Morgan Chase, paid between $22 billion and $25 billion — more than the total assets (less than $20 billion) of 99.1 percent of the banks chartered in the U.S.)

For a detailed view of the big 5 SIFIs, created by the New Jersey Institute of Technology’s Online MBA program, go to the next page.


NJIT New Jersey Institute of Technology – Online MBA


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.