The biggest banks in the U.S. have more cash than any other U.A.E. financial institution, according to data compiled by Bloomberg.
The five largest U.s. banks, with assets of $1.5 trillion or more, had $3.7 trillion in cash as of Oct. 26, according.
Barclays Corp., Bank of America Corp., Wells Fargo &n bank, and JPMorgan Chase &”s parent, JPMorgan Chase Bank USA, had nearly $3 trillion in deposits, according, to Bloomberg.
JPMorgan Chase has $1 trillion in assets, the data showed.
The top five banks have a combined $9 trillion in capital, according the data.
Citigroup Inc., Wells Bank &.;n, Morgan Stanley & ;n and Bank of New York Mellon Corp. had more than $2 trillion, according Bloomberg.
Morgan Stanley’s $1,600 billion in assets is the largest, according a Bloomberg data.