American Express, once the largest financial group

The two founders of American Express are also the founders of Wells Fargo Bank! When the company was founded, its main business was freight express. It was a freight forwarding company, which is why the word “American Express” is in the company name.

Bank of America, too big to fall

Bank of America (ticker: BAC) was formed in 1998 through the merger of NationsBank and Bank of America. It is the second largest banking institution in the United States and the second largest bank in the world by market capitalization. Both are second only to JPMorgan Chase. Bank of America is one of the four largest banking institutions in the United States.

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