Banks Ranked by Assets Under Management

Banks Ranked by Assets Under Management

Managing other people's money is what banks do, but this task extends beyond just overseeing deposits and making loans. Another major source of revenue that universal banks look to comes from wealth management -- i.e., helping people oversee their investments.

This is big business for banks, as you can see by looking at the assets under management held by the nation's four biggest banks at the end of the third quarter:

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Source: Fool.com