What are the top 5 banks in the world?

Key Takeaways. The largest five banks by market capitalization are JP Morgan & Chase, Bank of America, Industrial and Commercial Bank of China, Wells Fargo, and China Construction Bank .

Who is the strongest bank in the US?

J.P. Morgan Chase is the number one bank in America in terms of total assets held, according to the Federal Reserve.

Who dominates the World Bank?

The United States was a leading force in the establishment of the International Bank for Reconstruction and Development (IBRD) in 1944 and remains the largest shareholder of the World Bank Group today.

Who has the largest bank balance in the world?

Industrial and Commercial Bank of China Ltd. , with assets of $6.303 trillion, retained its place as the world's biggest bank as the Chinese megabanks occupied the top four positions. Agricultural Bank of China Ltd.

What is the world's largest unregulated bank?

Starbucks coffee shops are a cover for the world's largest unregulated bank. Starbucks is widely known as an international chain of coffee shops headquartered in Seattle, Washington.

What bank do billionaires use?

1. JP Morgan Private Bank. “J.P. Morgan Private Bank is known for its investment services, which makes them a great option for those with millionaire status,” Kullberg said.

What family owns the biggest bank in the world?

3. Rothschild, the Largest Bank in the World: How Multinational Family Ownership Overcame Nearly All Management Complexities When Others Failed.

What is the hardest bank to get into?

Which is the hardest investment bank to get into? Goldman Sachs is notoriously difficult to get into. One statistics recently rolled out was that it received 100,000 applications for just 2,300 global internship positions. This means that it received 24 applications for every job it posted.

What are the big 5 banks called?

What are the five largest banks in the U.S.? The five largest banks in the U.S., according to domestic assets, are Chase, Bank of America, Wells Fargo Bank, Citibank and U.S. Bank.

World’s Biggest Banks 2023 (2024)

Home Banking World’s Biggest Banks 2023

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This year’s ranking reflects dramatic balance-sheet declines at some of the world’s biggest banks.

Global Finance’s World’s Safest Banks 2023 ranking offers a revealing snapshot of a watershed period in global banking. After years of expansion, aggregate assets of the 50 largest banks contracted 2% to $89 trillion (in most cases, our data captures year-end asset figures as of December 2022).

As many countries struggle to boost their sluggish economies, balance-sheet growth remains a challenge for their banking systems, given declining business volumes and lower demand for credit from retail and corporate clients in some jurisdictions. Underscoring the decline, the threshold for inclusion in this year’s ranking fell 3.7% to $736.5 billion, while 37 banks exceeded $1 trillion in assets, down from 40 last year.

Once again, Chinese banks take the top four spots, placing a total of 15 institutions in our ranking. The top four are all state-owned banks that facilitate Beijing’s economic policy through massive infrastructure projects and other initiatives; their balance sheets grew approximately 3% on average in 2022. The remaining 11 Chinese banks posted negative growth in aggregate, possibly reflecting China’s slowing growth rate: GDP expanded only 3% last year, well below its 5.5% stated target for 2022.

The banking sector in other countries that recorded less than 3% GDP growth, including the US, Japan, Germany and France—also felt the effects. Other banks suffering notable shifts in this year’s rankings include Italy’s Intesa Sanpaolo, which fell four places as its balance sheet contracted by 13.9% year-over-year; and the UK’s NatWest Group, which fell three spots, reflecting a 17.3% asset-base decline. BBVA is a new entrant; and Credit Suisse disappears from our ranking, reflecting its March takeover by UBS.

50 Biggest Global Banks 2023
Rank	Company Name	Domicile	Total Assets (USD million)	Report Date
1	Industrial and Commercial Bank of China	China	5,669,862	12/31/22
2	China Construction Bank	China	4,953,037	12/31/22
3	Agricultural Bank of China	China	4,880,466	12/31/22
4	Bank of China	China	4,161,910	12/31/22
5	JPMorgan Chase	United States	3,665,743	12/31/22
6	Bank of America Corporation	United States	3,051,375	12/31/22
7	HSBC Holdings	Uk	2,966,530	12/31/22
8	BNP Paribas	France	2,843,955	12/31/22
9	Mitsubishi UFJ Financial Group	Japan	2,815,356	3/31/23
10	China Development Bank	China	2,611,377	12/31/22
11	Credit Agricole	France	2,537,568	12/31/22
12	Citigroup	United States	2,416,676	12/31/22
13	Sumitomo Mitsui Financial Group	Japan	1,923,395	3/31/23
14	Wells Fargo	United States	1,881,016	12/31/22
15	Bank of Communications	China	1,859,779	12/31/22
16	Banco Santander	Spain	1,851,310	12/31/22
17	Mizuho Financial Group	Japan	1,838,123	3/31/23
18	Barclays	Uk	1,826,731	12/31/22
19	Sparkassen-Finanzgruppe	Germany	1,755,653	12/31/21
20	BPCE	France	1,633,107	12/31/22
21	Societe Generale	France	1,585,839	12/31/22
22	China Merchants Bank	China	1,458,480	12/31/22
23	Goldman Sachs Group	United States	1,441,799	12/31/22
24	Deutsche Bank	Germany	1,425,817	12/31/22
25	Toronto-Dominion Bank	Canada	1,382,501	1/31/23
26	Royal Bank of Canada	Canada	1,359,412	1/31/23
27	Industrial Bank	China	1,342,149	12/31/22
28	Agricultural Development Bank of China	China	1,300,658	12/31/22
29	Shanghai Pudong Development Bank	China	1,246,014	12/31/22
30	China CITIC Bank	China	1,229,562	12/31/22
31	Morgan Stanley	United States	1,180,231	12/31/22
32	Caisse des Depots et Consignations	France	1,117,393	12/31/22
33	UBS	Switzerland	1,105,436	12/31/22
34	Lloyds Banking Group	Uk	1,059,364	12/31/22
35	Intesa Sanpaolo	Italy	1,040,663	12/31/22
36	China Minsheng Bank	China	1,038,602	12/31/22
37	ING Groep	Netherlands	1,032,273	12/31/22
38	Bank of Nova Scotia	Canada	992,680	1/31/23
39	UniCredit	Italy	914,900	12/31/22
40	China Everbright Bank	China	906,327	12/31/22
41	NatWest Group	Uk	868,960	12/31/22
42	Export-Import Bank of China	China	849,845	12/31/22
43	Bank of Montreal	Canada	829,719	1/31/23
44	Standard Chartered	Uk	819,922	12/31/22
45	Commonwealth Bank of Australia	Australia	817,007	12/31/22
46	Ping An Bank	China	765,498	12/31/22
47	BBVA	Spain	760,635	12/31/22
48	Norinchukin Bank	Japan	749,024	12/31/22
49	ANZ Group	Australia	744,234	3/31/23
50	CaixaBank	Spain	736,454	12/31/22

World’s Biggest Banks 2023 (2024)

This year’s ranking reflects dramatic balance-sheet declines at some of the world’s biggest banks.

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