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The following are lists of the largest banks in the world, as measured by total assets and market capitalization.
Dozens of lenders dropped down S&P Global Market Intelligence's annual list of the world's largest banks by assets as monetary policy tightening in 2023 weighed on loan demand and growth in many regions. Forty-seven banks fell in the ranking, while 29 rose and 24 maintained their places.
The U.S. banking giant JPMorgan Chase & Co. is currently the largest bank in the World in terms of market capitalization. The world's 50 biggest banks have a combined market cap of more than US$ 5.02 trillion (January 8, 2024).
High inflation, interest rate hikes and the Russia-Ukraine war damped global economic growth and investor sentiment in 2022. Assets held by the 100 largest banks as of the end of 2022 totaled $111.965 trillion, down 1.5% from $113.674 trillion a year earlier.
Bank of America moved to the No.6 spot from No.9 last year with $3.1 trillion in assets; Wells Fargo jumped one spot to No. 17 ($1.8 trillion assets); Citigroup clocked in at No. 24 ($2.4...
With JPMorgan Chase, Bank of America, and Industrial and Commercial Bank Of China in the top spots, here are the 10 biggest banks by market capitalization.
Twenty-six of the 37 European lenders on the list of the world's 100 largest banks slid down the rankings by between one and nine notches as of 2021-end from a year prior, according to S&P Global Market Intelligence. The total assets of all European banks on the list contracted 2.16% to $36.890 trillion in 2021 from $37.707 trillion a year earlier.
The four largest banks are located in China. Industrial & Commercial Bank of China (ICBC), headquartered in Beijing, is the largest bank in the world in terms of total assets, deposits, loans and number of customers and employees. It also ranks first based on tier 1 capital according to the World's Top 1,000 Banks by The Banker.
The Industrial and Commercial Bank of China is once again the biggest bank on the planet, with $5.5 trillion in assets. Three more Chinese banks were among the top five biggest: China...
In this article, we will delve into the top 10 banks in the world in 2024, providing a comprehensive analysis of their operations, financial performance, and overall impact on the global...