Mega Banks Squeezing Out Smaller Players (JPM, BAC, C, WFC)

Bank of America Corp. BAC, J.P. Morgan Chase & Co. JPM and Wells Fargo & Co. WFC, which are "squeezing" and "hoarding" customers "any way they can," according to Jeff Wagner, chief financial officer at Florida Business Bank. This practice is severely hurting the smaller community banks according to C and the other three behemoths had $7.7 trillion worth of loans and various other assets as of March 31.