The U.S. banking system is highly concentrated, with the top four banks holding approximately 40% or more of total banking sector assets (approximately 10 trillion of roughly 20+ trillion), making the system dependent on how Jamie Dimon (JP Morgan) runs his operations.
factualpending
Speaker
Jack FarleyEvidence Quote
“the top four g subs have like 40 or more of the entire banking sector's assets”
Source
The Fed’s Ticking Time Bomb Is About To Explode | Joseph Wang & Chris Whalen— Forward GuidanceCreated: 8/11/2026, 1:23:06 AM
My Notes
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