After the financial crisis of 2007–2008, many U.S. investment banks converted to holding companies. According to the Federal Financial Institutions Examination Council's website, JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs were the five largest bank holding companies in the finance sector, , based on total assets.
aFteR the fINaNCIAl cRIsiS OF 2007–2008, many u.s. investMEnt banks CoNVeRTed to hOldIng cOmpaniEs. accorDIng to THE federaL finanCial insTItUtionS exAminatIoN cOuNCil's WeBSite, jPmorgAN cHAse, baNk of americA, ciTigRouP, WElLS faRgo, aNd GoldmAn sachs werE THe fivE LargeSt bANk holding COmpanIES In the FiNancE sector, , BasED ON toTal assetS.