America’s ‘Big Four’ banks top $1 trillion in Trump era

So, what happens when the banks fail again? We’ll just have to wait and see…

The nation’s top four financial institutions have seen their market capitalizations surge 30 percent since the election of Donald Trump. This means that for the first time in history, America’s “too big to fail” banks – Bank of America, Citigroup, JPMorgan and Wells Fargo – have surpassed $1 trillion, reports Bloomberg News.

Here is a chart from the business news network:

Interestingly enough, the Big Four are worth more than China’s Big Four – Industrial & Commercial Bank, China Construction Bank, Bank of China and Agricultural Bank of China. In fact, the nation’s top four financial institutions are worth $250 billion more than these Chinese banks.

What should be noted is that China’s top four banks had actually reached the $1 trillion threshold in June 2015. As we have seen since then, China’s economy has significantly tumbled, wreaking havoc on millions of people.

It should certainly be interesting to see what happens when America’s big four banks crumble.