Leading banks in the U.S. 2021, by number of employees
Wells Fargo Bank was the largest U.S. employer in the banking sector as of December 31, 2021. The bank had over 218 thousand employees during that period, which was more than the number of employees of JPMorgan Chase, the largest bank in the United States. In 2021, Wells Fargo bank was the second-largest U.S bank in terms of number of branches, which may explain their high employee number.
Employment in the U.S. banking sector
The number of employees of FDIC-insured banks in the United States fluctuated during the last decade, from around 1.96 million in 2012, down to 1.91 million in 2014, and 1.94 million in 2020. There is no clear downward trend in bank employment in the United States, despite that the number of bank branches has been declining for several years.
The largest banks
The big four in the U.S. banking industry are JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup. The largest, JPMorgan Chase is not only the leading bank in the United States in terms of market capitalization, but is also the leading bank in the world. The bank had a market capitalization of around 468 billion U.S. dollars as of 2021.
Employment in the U.S. banking sector
The number of employees of FDIC-insured banks in the United States fluctuated during the last decade, from around 1.96 million in 2012, down to 1.91 million in 2014, and 1.94 million in 2020. There is no clear downward trend in bank employment in the United States, despite that the number of bank branches has been declining for several years.
The largest banks
The big four in the U.S. banking industry are JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup. The largest, JPMorgan Chase is not only the leading bank in the United States in terms of market capitalization, but is also the leading bank in the world. The bank had a market capitalization of around 468 billion U.S. dollars as of 2021.
