The size of the big American banks expanded further in the first quarter.

FAP, June 8 (Xinhua)-- according to an analysis by S & P Global Market Intelligence, after a series of regional bank failures led to the flow of assets into big banks such as JPMorgan Chase, the size of the US banking giant has become larger. Analysts Gaby Villaluz and Zuhaib Gull reported this week that more than 70 per cent of the total asset growth of major US banks was concentrated in the 10 largest banks, whose assets rose by $630 billion in the first quarter, including assets related to recent mergers and acquisitions.