U.S. Banks Bigger Than GDP as Rift Over Accounting Masks Risks

U.S. Banks Bigger Than GDP as Rift Over Accounting Masks Risks

Phelan M. Ebenhack/Bloomberg

A Bank of America Corp. building stands next to the Wells Fargo & Co. building in Orlando, Florida. Using international standards for derivatives and consolidating mortgage securitizations, JPMorgan Chase & Co., Bank of America and Wells Fargo would double in assets, while Citigroup Inc. would jump 60 percent, third-quarter data show.