Name the Country’s *Banking Capital

See you how do on this quick financial quiz:

In order of total market cap (“capitalization,” or entity value), calculated as of today (1/14/09), rank the following pairs of banks and their headquarters cities:

Citigroup and JP Morgan (New York City)
–Bank of America and Wachovia (Charlotte)
–Wells Fargo and U.S. Bank (Minneapolis)

Answer: 1) Minneapolis; 2) New York City; 3) Charlotte.

Not convinced? Check out this video, “Minnesota rises as Citi Sleeps,” on the (London) Financial Times’ web site today.

*Note: although Wells Fargo technically is now based in SF, its predecessor, Norwest, was originally based in Minneapolis and maintains much of its operations and staff here.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

Leave a Reply