What is the least evil bank?
America's Most Trusted® BANK
Chase produced the highest score and rank on the Net Trust Quotient Score among recognized bank brands in the study. Chase captured the 5 Star Rating with a Net Trust Quotient Score of 101.3. This is the third consecutive year in which Chase has ranked #1 in Trust.
Bank | The Ascent's Rating | FDIC Insured? |
---|---|---|
Western Alliance Bank | 4.25 | Yes |
SoFi | 4.00 | Yes |
Wells Fargo | 4.00 | Yes |
Axos Bank | 3.50 | Yes |
America's Most Trusted® BANK
Chase produced the highest score and rank on the Net Trust Quotient Score among recognized bank brands in the study. Chase captured the 5 Star Rating with a Net Trust Quotient Score of 101.3. This is the third consecutive year in which Chase has ranked #1 in Trust.
Bank | Forbes Advisor Rating | Fees |
---|---|---|
Bank of America | 4.2 | Monthly service, out-of-network ATM and overdraft fee |
Wells Fargo Bank | 4.0 | Monthly service, out-of-network ATM and overdraft fees |
Citi® | 4.0 | Monthly service and out-of-network ATM fees |
Barclays | 3.4 | Non-sufficient funds fees |
In the US, the four least ethical banks are easy to spot. It's Chase, Wells Fargo, Bank of America, and Citi Bank.
- CITIBANK. ...
- WELLS FARGO. ...
- CAPITAL ONE. ...
- M&T BANK CORPORATION. ...
- AGRIBANK. ...
- COBANK. ...
- AGFIRST. ...
- FARM CREDIT BANK OF TEXAS. Farm Credit Bank of Texas is the fourth member of the U.S. Farm Credit System, providing wholesale lending and business services in states like Texas, Alabama, and New Mexico.
Bank NameBank | CityCity | Closing DateClosing |
---|---|---|
First Republic Bank | San Francisco | May 1, 2023 |
Signature Bank | New York | March 12, 2023 |
Silicon Valley Bank | Santa Clara | March 10, 2023 |
Almena State Bank | Almena | October 23, 2020 |
- First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
- Huntington Bancshares (HBAN) . Above average capital risk.
- KeyCorp (KEY) . Above average capital risk.
- Comerica (CMA) . ...
- Truist Financial (TFC) . ...
- Cullen/Frost Bankers (CFR) . ...
- Zions Bancorporation (ZION) .
JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets. It boasts a vast network of over 4,800 physical branches and more than 15,000 ATMs. With generous bonuses and promotions and a variety of products, Chase is a popular choice for consumers across the country.
- JPMorgan Chase. At the top of the list, JPMorgan Chase holds close to $3.38 trillion in assets. ...
- Bank of America. ...
- Citi. ...
- Wells Fargo. ...
- U.S. Bank/U.S. Bancorp. ...
- PNC. ...
- Truist Bank. ...
- Goldman Sachs.
Which banks get hacked the most?
- Equifax Data Breach. ...
- Heartland Payment Systems Data Breach. ...
- Capital One Data Breach. Date: March 2019. ...
- JPMorgan Chase Data Breach. Date: October 2014. ...
- Experian. Date: August 2020. ...
- Block. Date: Apr 2022. ...
- Desjardins Group. Date: June 2019. ...
- Westpac Banking Corporation. Date: June 2013.
Global Top 100 | ||
---|---|---|
Rank | Name | Fitch Rating |
1 | KfW | AAA |
2 | Zuercher Kantonalbank | AAA |
3 | BNG Bank | AAA |
Following one of the most successful years in United's long history, United Bank has been named the Most Trustworthy Bank in America by Newsweek for 2023.
The nine weak banks are Padma, AB Bank, National Bank, One Bank, ICB Islamic Bank, Bangladesh Development Bank Ltd (BDBL), Basic Bank, National Bank of Pakistan, Rajshahi Krishi Union Bank and South Bangla Agriculture Bank, a source in the BB said on Monday.
The largest bank failure ever occurred when Washington Mutual Bank went under in 2008. At the time, it had about $307 billion in assets. During the uncertainty of the banking crisis, however, Washington Mutual experienced a bank run where customers withdrew almost $17 billion in assets in less than 10 days.
Capital One was named best big bank and best bank for ATM access as part of the 2024 Bankrate Awards, which recognizes the best financial products available to consumers.
RANK | BANK NAME | TOTAL ASSETS |
---|---|---|
1 | JPMorgan Chase | $3.40 trillion |
2 | Bank of America | $2.54 trillion |
3 | Wells Fargo | $1.73 trillion |
4 | Citigroup | $1.68 trillion |
Wells Fargo, along with thousands of other financial institutions, is FDIC-insured. FDIC insurance limits cap at $250,000.
In our Chase Bank review, we evaluate its checking, savings and certificate of deposit options, as well as customer ratings. Key Takeaways: We give Chase 4.0 out of 5 stars overall because it offers a diverse selection of bank accounts, a positive customer experience and convenient branch access.
The news: Last Friday, Pennsylvania financial regulators seized and shut down Philadelphia-based Republic First Bank in the first FDIC-insured bank failure of 2024.
Which banks are going under?
Earlier last year Silicon Valley Bank failed March 10, 2023, and then Signature Bank failed two days later, ending the unusual streak of more than 800 days without a bank failure. Before Citizens Bank failed in November 2023, Heartland Tri-State Bank failed July 28, 2023 and First Republic Bank failed May 1, 2023.
US eases restrictions on Wells Fargo after years of strict oversight following scandal. NEW YORK (AP) — The Biden administration eased some of the restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its toxic culture after years of scandals.
Based on the analysis of Bank of America's financial health, risk profile, and regulatory compliance, we can conclude that the bank is relatively safe from any trouble or collapse. The bank's financial performance has been stable, and its balance sheet shows a healthy level of capital and a diversified loan portfolio.
The collapses of Silicon Valley Bank and Signature Bank in March 2023—then the second- and third-largest bank failures in U.S. history—took consumers by surprise. Subsequently, three more banks failed in 2023: First Republic Bank in May, Heartland Tri-State Bank in July and Citizens Bank of Sac City in November.
Historically, small banks are more likely to fail than large banks because they concentrate on regional lending, have fewer revenue streams to diversify risk and possess less capital to absorb losses. However, robust regulatory oversight and FDIC insurance help mitigate the risk to depositors.