The American banking industry has always been a pillar of the nation’s economic strength and stability. With its intricate and robust system, this industry caters to the monetary requirements of millions of citizens, businesses, and government institutions. Its vastness is reflected not only in its services but also in the number of banks it houses, which is close to 5,000.
Given the pivotal role banks play in the economy, they must be solid and stable. But what makes a bank strong and stable? And which are the strongest banks in America? These are some pertinent questions that this article will delve into.