If there’s one thing everyone hates, it’s bank fees…they eat away at your investments each and every day.
But it is a massive money maker, just ask everyone’s favorite bank JPMorgan Chase. They reaped almost $4 BILLION in fees last year alone. They took the top spot in Bloomberg’s annual ranking of investment bank fees.
All told, the top 20 banks pulled in a shocking $35 billion in fees last year.
Here’s the rundown:
