'Emergency' Fed rate cut by June, only 6 U.S. banks will be left by '25 paving way for CBDC - Dowd forecasts that as banks consolidate, only 6 major banks will be left standing by '25, paving the way for CBDCs, digital fiat tokens issued & controlled by central banks.
(www.youtube.com)
🤑 BANK CONTROL 🤡
The 15 largest banks in the US
https://www.bankrate.com/banking/biggest-banks-in-america/
RANK BANK NAME TOTAL ASSETS
1 JPMorgan Chase $3.20 trillion
2 Bank of America $2.41 trillion
3 Citigroup $1.77 trillion
4 Wells Fargo $1.72 trillion
5 U.S. Bancorp $585.14 billion
6 PNC Financial Services $552.31 billion
7 Truist Bank $546.23 billion
8 Goldman Sachs $486.97 billion
9 Capital One Financial $453.31 billion
10 TD Group US Holdings $386.80 billion
11 Bank of New York Mellon $324.65 billion
12 State Street $298.02 billion
13 Citizens Financial $226.40 billion
14 First Republic Bank $212.64 billion
15 Morgan Stanley Private Bank $209.67 billion