Who are the Big Four banks?

This report is the first in a series on the evolution of the financial sector. The series aims to retrace the major trends that have shaped the banking sector since the crisis and to orient the public as to where industry stands today. This first installment focuses on the “Big Four” banks: JP Morgan Chase, Bank of America, Citi, and Wells Fargo.

What is a big 4 bank?

The Big Four (or Big 4) is the colloquial name given to the four main banks in several countries where the banking industry is dominated by just four institutions and where the phrase has thus gained relevance. Some countries include more or fewer institutions in such rankings, leading to other names such as Big Three, Big Five, or Big Six.

What were the Big Four banks of China?

They were contrasted with the Three Southern Banks of Southern China . By 1949, the "big four" banks were the Bank of China, the Bank of Communications, the Central Bank of China, and the Farmers Bank of China. All four were state-owned.

Is BankWest A 'Big Four' bank?

The policy has been maintained through the Global Recession of 2008–09, as Westpac acquired St George Bank and the Commonwealth Bank acquired Bankwest, reinforcing the special status of the "big four". The big four banks of Belgium are a result of national and international mergers in the early 90s.