By Sanjay Maurya
So far, the financialindustryThe collective response to the pandemic has been incredible. It wasn't simple to go fully virtual in just a few weeks and use a new operating model. Despite some setbacks, many bank transactions went smoothly. During the pandemic, banks played an important role in stabilizing the economy and delivering government stimulus and relief programs in Canada, the United Kingdom, Japan, the United States and other European countries. Today we are going to know the 10 best banks in the world.
Top 10 banks in the world
01 – Industrial and Commercial Bank of China (ICBC)
- Location: China
- Foundation: January 1, 1984
- Number of employees: 4,53,048 (2018)
- Market capitalization: $246.5 billion
- Total assets: US$ 4.614 billion
Banking services are provided by Industrial and Commercial Bank of China Limited (Top 10 Banks in the World). Deposits, loans, equity subscription, foreign currency settlement and other services are available through the company. The Industrial and Commercial Bank of China deals with individuals, companies and other customers.
The Industrial and Commercial Bank of China is the largest bank in China in terms of total assets. The Industrial and Commercial Bank of China (ICBC) reported total assets of 33.3 trillion yuan in 2020.
02 – China Construction Bank Corporation
- Location: China
- Established by: Ministry of Finance of the People's Republic of China
- Founded: October 1, 1954
- Number of employees: 3,45,971
- Market cap: $257.3 billion
- Total Assets: $4.354 billion
The "big four" banks of the People's Republic of China include China Construction Bank Corporation (the world's top 10 banks); CCB was the second largest bank in the world and the sixth largest company in 2015 by market value. There are 13,629 domestic branches of the bank. Its total assets exceeded CN8.7 trillion in 2009 and the Financial Stability Board considers it a systemically important bank. Its headquarter is located in Xicheng district of Beijing.
03 – Agricultural Bank of China
- Headquarters:beijing, china
- President:Zhao Huan
- Number of employees:4.67.631
- Market cap: $203.2 billion
- Total assets: US$ 4.214 billion
Agricultural Bank of China (Top 10 Banks in the World), also known as AgBank, is one of the "Big Four" banks of the People's Republic of China. It was founded on July 10, 1951 and is headquartered in Dongcheng District, Beijing. It has offices in Tokyo, New York, Frankfurt, Sydney, Seoul, Hong Kong, London and Singapore, as well as in mainland China. ABC has approximately 24,000 locations and 320 million retail customers. It also has 2.7 million corporate customers. By assets, it is China's third-largest creditor.
04 – Bank of China Ltd.
- Location: China
- Founder: Chen Jintao
- Foundation: February 5, 1912
- Number of employees: 3,11,000
- Market cap: $181.4 billion
- Total assets: US$ 4.073 billion
One of the four largest state-owned commercial banks in China is Bank of China (Top 10 Banks in the World). Although the Bank of China and the Bank of China subsidiary are officially separate, they have strong management and administrative ties and cooperate in various areas, including the BOC's insurance and securities resale. The Bank of China is one of the oldest and most trusted financial institutions in China. Founded in 1912, it continues to lead the country's banking sector.
05 – JPMorgan Chase
- CEO:Jamie Dimon
- Headquarters:USA
- Founded in:December 1, 2000
- Market cap: $488.4 billion (1st)
- Total assets: US$ 3.684 billion
JPMorgan Chase & Co., (Top 10 Banks in the World) headquartered in New York, is an American global investment and financial services company. In terms of assets, JPMorgan Chase & Co. is the largest bank in the United States. Individuals, businesses, institutions and governments around the world use the company's services, which include consumer banking, investment banking, commercial banking and asset management.
06 – Mitsubishi UFJ Financial Group
- CEO:Hironori Kamezawa
- Headquarters:Japan
- Number of employees:1.68.400
- Market capitalization: $111.6 billion
- Total assets: $3.1 trillion
Mitsubishi UFJ Financial Group, Inc. (World's Top 10 Banks) is a Japanese financial and banking services holding company headquartered in Chiyoda, Tokyo. MUFG is one of the largest financial groups in the world, with total assets of approximately 3.1 trillion dollars (USD). Offers services in commercial and consumer banking and corporate and investment banking, as well as in securities, wealth management, banking and other areas.
07 – BNP Paribas
- CEO:Jean-Laurent Bonnafe
- Income:4,459.7 million euros
- Main organization:BGL BNP Paribas
- Market capitalization: $93.3 billion
- Total Assets: $3.08 billion
BNP Paribas S.A. (top 10 banks in the world) is a financial services company headquartered in France. is a multinational banking company. It is the largest financial group in France, the largest bank in Europe and the seventh largest bank in the world by total assets. BNP Paribas is a global bank with operations in 72 countries on five continents.
The Group provides customized capital markets, securities services, finance, treasury and financial advisory solutions to corporate and institutional clients. BNP Paribas, which is present in 68 countries, helps clients around the world, especially through One Bank.
08 – HSBC Holdings plc
- Headquarters:United Kingdom
- CEO:Noel Quinn
- Founder:Thomas Sutherland
- Founded in:March 3, 1865
- Market cap: $219.2 billion
- Total Assets: $2.984 billion
HSBC Holdings plc (Top 10 Banks in the World) is a UK-based global investment and financial services company. With total assets of USD 2.984 trillion, this is the second largest bank in Europe (as of December 2020). HSBC has approximately 3,900 offices and 38 million customers in 65 countries and territories in Africa, Asia, Oceania, Europe, North America and South America.
HSBC's financial services, private banking, retail banking, commercial banking and global banking and market segments provide consumers with access to global markets.
09 – Bank of America (BoA)
- Headquarters:USA
- Income:8.552 million dollars
- Employees:2.13.000
- Market cap: $279.2 billion
- Total assets: $2.82 billion
Bank of America Corporation (Top 10 Banks in the World) headquartered in Charlotte, North Carolina, is an American global investment and financial services company. The bank was founded in 1998 (San Francisco) as a result of the acquisition of BankAmerica by NationsBank. It is the second largest banking institution in the United States and the ninth largest bank in the world. Bank of America is one of the top four financial institutions in the United States.
10 – Credit Agricole
- Headquarters:Montrouge, France
- CEO:Philippe Brassac
- Founded in:November 5, 1894
- Market capitalization: $52.1 billion
- Total assets: US$ 2.278 billion
The Crédit Agricole Group (10 largest banks in the world) is the main financial backer of the French economy. It is the tenth largest bank in the world by total assets, with coverage in 48 countries, 142,000 employees and 52 million customers worldwide. Crédit Agricole evolved into a full-service international banking business in 1990.
According to Fortune magazine, the company was the first bank in France with 28% of the sector, the second in the world in revenues and profits and the 15th in the world according to the Forbes ranking.
Top 10 banks in the world
- Industrial and Commercial Bank of China (ICBC)
- China Construction Bank Corporation
- Agricultural Bank of China
- Bank of China Ltd.
- JPMorgan Chase
- Mitsubishi UFJ Financial Group
- BNP Paribas
- HSBC Holdings plc
- Bank of America (BoA)
- agricultural credit
Common questions
What are the 10 best banks in the world?
The list of the 10 largest banks in the world is as follows:
- Industrial and Commercial Bank of China (ICBC)
- China Construction Bank Corporation
- Agricultural Bank of China
- Bank of China Ltd.
- JPMorgan Chase
- Mitsubishi UFJ Financial Group
- BNP Paribas
- HSBC Holdings plc
- Bank of America (BoA)
- agricultural credit
Read the full article to explore the top 10 banks in the world.
What is the first bank in the world?
Industrial and Commercial Bank of China (ICBC) – Banking services are provided by Industrial and Commercial Bank of China Limited (top 10 banks in the world). Deposits, loans, equity subscription, foreign currency settlement and other services are available through the company. Read the full article to explore the top 10 banks in the world.
What is the list of the 10 largest central banks in the world?
The list of the 10 largest central banks in the world is as follows:
- Bank for International Settlements (BIS)
- Federal Reserve System (Fed)
- European Central Bank (ECB)
- Bank of England (BOE)
- Bank of Japan (BOJ)
- Swiss National Bank (SNB)
- Bank of Canada (BOC)
- Reserve Bank of Australia – RBA.
- Reserve Bank of New Zealand – RBNZ.
- The bottom line.
Read the full article to explore the top 10 banks in the world.
What is India's first bank?
DBS Bank has been named Best Bank in India for the second consecutive year. DBS Bank is one of the 30 local and international banks operating in India. With over 89 locations, 2,000 ATMs and over 4.5 million customers across Asia, it has a global network covering 50 cities and 15 markets. Read the full article to explore the top 10 banks in the world.
What are the 10 biggest banks in India?
The 10 largest banks in India are:
- Banco HDFC
- state bank of india
- ICICI Bank
- Bank Axis
- Banco Kotak Mahindra
- Banco IndusInd
- yes bank
- Punjab National Bank
- bank of baroda
- Bank of India
Read the full article to explore the top 10 banks in the world.
What is the number 1 bank in the United States?
JPMorgan Chase & Co., (Top 10 Banks in the World) headquartered in New York, is an American global investment and financial services company. In terms of assets, it is the largest bank in the US. Read the full article to explore the top 10 banks in the world.
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FAQs
Top 10 Banks in the World, list of the largest banks in the world? ›
Crédit Agricole Group (top 10 banks in the world) is the French economy's major financial sponsor; it is the world's tenth-largest bank by total assets, with 48 countries covered, 142 000 workers, and 52 million clients globally.
What is the 10th largest bank in the world? ›Crédit Agricole Group (top 10 banks in the world) is the French economy's major financial sponsor; it is the world's tenth-largest bank by total assets, with 48 countries covered, 142 000 workers, and 52 million clients globally.
What is the largest banks in the world? ›| Rank | BANK | Total asset |
|---|---|---|
| 1 | Industrial and Commercial Bank of China Limited | $5.5 trillion |
| 2 | China Construction Bank | $4.7 trillion |
| 3 | Agricultural Bank of China | $4.5 trillion |
| 4 | Bank of China | $4.2 trillion |
- Industrial and Commercial Bank of China (Total assets: $5.54 trillion) ...
- China Construction Bank ($4.76 trillion) ...
- Agricultural Bank of China ($4.58 trillion) ...
- Bank of China ($4.21 trillion) ...
- JPMorgan Chase ($3.74 trillion) ...
- Mitsubishi UFJ Financial Group ($3.18 trillion)
JPMorgan Chase
At the top of the list, JPMorgan Chase holds $3.2 trillion in assets. This makes it the largest bank in the country, and one of the largest in the world.
- IBRD. The International Bank for Reconstruction and Development.
- IDA. The International Development Association.
- IFC. The International Finance Corporation.
- MIGA. ...
- ICSID.
7. Truist. Truist was established in 2019 through a merger of BB&T and SunTrust banks.
Which bank holds the most money? ›- The biggest bank in the United States by total domestic deposits is JPMorgan Chase with $2 trillion. ...
- We have ranked the top 250 banks in the U.S. by total domestic deposits below. ...
- In December 2022, the FDIC listed 4,715 banks in total in the U.S.
UBS is now 'the world's safest bank' for depositors because Switzerland has made it too big to fail, analyst says | Business Insider India.
Which is the largest bank in the world 2023? ›
| 2023 | 2022 | Name |
|---|---|---|
| 1 | 1 | ICBC |
| 2 | 2 | China Construction Bank |
| 3 | 3 | Agricultural Bank Of China |
| 4 | 4 | Bank of China |
| Bank Name | City | State |
|---|---|---|
| First Republic Bank | San Francisco | CA |
| Signature Bank | New York | NY |
| Silicon Valley Bank | Santa Clara | CA |
Goldman Sachs is generally regarded as the leading investment bank in most business areas, and is the toughest Bulge Bracket investment bank to break into. Goldman has a very strong reputation within the industry and among corporations. They advise on the majority of high profile M&A deals and other major transactions.
Which is the most strict bank in USA? ›Wells Fargo
Wells Fargo is often considered the most secure of the national banks in the US. Wells Fargo can count on 12,000 free ATMs in its network and 6,200 brick-and-mortar branches all over the United States. This financial institution has $1.25 trillion in assets and counting.
- Bank of America Private Bank. ...
- Citigold Private Client. ...
- Union Bank Private Advantage Checking Account. ...
- HSBC Premier Checking. ...
- Morgan Stanley CashPlus.
Future Treasury Secretary Alexander Hamilton founds the Bank of New York, the oldest continuously operating bank in the United States—operating today as BNY Mellon.
Is Bank of America or Chase better? ›Overall, if you're choosing between Chase and Bank of America, the better option for you will really depend on your personal banking needs and preferences. Both are big banks with thousands of branches and tens of thousands of ATMs. Chase offers a wider variety of accounts, though it is lacking in IRA options.
Which bank is safest in USA? ›| Bank | Assets |
|---|---|
| JP Morgan Chase | $3.2 trillion |
| Bank of America | $2.42 trillion |
| Citi | $1.77 trillion |
| Wells Fargo | $1.72 trillion |
International Bank for Reconstruction and Development (IBRD) International Development Association (IDA) International Finance Corporation (IFC)
Which US bank is worldwide? ›
U.S. Bancorp is a global company, and our headquarters are located at 800 Nicollet Mall in Minneapolis, Minnesota.
Which bank is called the mother of all world banks? ›Why is Reserve Bank of India called ' Mother of Banks '?
Who controls the World Bank? ›The organizations that make up the World Bank Group are owned by the governments of member nations. They make decisions on all matters, including policy, financial or membership issues.
What bank has the most branches in the world? ›Number 1 is the Industrial & Commercial Bank of China.
Where does US bank rank? ›| RANK | BANK NAME | TOTAL ASSETS |
|---|---|---|
| 1 | JPMorgan Chase | $3.20 trillion |
| 3 | Citigroup | $1.77 trillion |
| 4 | Wells Fargo | $1.72 trillion |
| 5 | U.S. Bancorp | $585.14 billion |
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.
What is the largest privately owned US bank? ›MidFirst Bank is a privately owned financial institution based in Oklahoma City, Oklahoma. It is the largest privately owned bank in the United States, with $37.2 billion in assets.
What bank do millionaires keep their money? ›Millionaires tend to turn to private banks for a variety of reasons. Since they offer a wide range of financial products, services, and expertise under one roof, the element of convenience can be very enticing. There are also several perks and more favorable options and rates, making the bank very attractive.
What banks do millionaires put their money in? ›- 10 Bank Accounts the Ultra-Rich Use. ...
- Bank of America Private Bank. ...
- Chase Private Client. ...
- Morgan Stanley CashPlus. ...
- HSBC Premier Checking. ...
- TD Bank Private Banking. ...
- PNC Private BankSM Checking. ...
- Truist Wealth Checking.
Securities
Common types of securities include bonds, stocks and funds (mutual and exchange-traded). Funds and stocks are the bread-and-butter of investment portfolios. Billionaires use these investments to ensure their money grows steadily.
Which bank has the best security? ›
Chase. One of the biggest banks, Chase, is also one of the most secure banks to keep your money safe. Chase offers Zero Liability Protection, so if unauthorized transactions are made under your name, you won't be held responsible.
Which country has the best bank security? ›Switzerland is a notorious worldwide standard for financial safe-havens. Switzerland and banking are almost synonymous with anyone around the world. This highly developed, multilingual European country has become the global standard for financial stability throughout several generations.
What is safer than banks? ›Federal Bonds
The U.S. Treasury and Federal Reserve would be more than happy to take your funds and issue you securities in return, and a very safe one at that. A U.S. government bond still qualifies in most textbooks as a risk-free security.
Silicon Valley Bank is the fastest-growing bank with 49.5% year-over-year growth. Signature Bank and Western Alliance Bank round out the top three fastest-growing banks with year-over-year gains of 40.9% and 36.9%, respectively.
What is the oldest bank world still operating? ›Banca Monte Dei Paschi di Siena is the oldest surviving bank in the world. It was founded in 1472 in the Tuscan city of Siena, which at the time was a republic.
What are the big 4 investment banks? ›In the U.S., the top investment banking companies include the Big Four Banks — JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo.
What was the largest US bank to fail? ›| Bank name | Bank failure date | Assets* |
|---|---|---|
| Washington Mutual Bank | Sept. 25, 2008 | $307 billion |
| First Republic Bank | May 1, 2023 | $212 billion** |
| Silicon Valley Bank | March 10, 2023 | $209 billion** |
| Signature Bank | March 12, 2023 | $110 billion** |
- JPMorgan Chase.
- Citigroup.
- Bank of America.
- Wells Fargo.
- BNY Mellon.
- Goldman Sachs.
- Morgan Stanley.
- State Street.
JPMorgan Chase is the top largest bank in the US, with a balance sheet total of $3.31 trillion.
What banks are collapsing 2023? ›| Bank Name, City, ST | Press Release (PR) | Closing Date |
|---|---|---|
| First Republic Bank, San Francisco, CA | PR-034-2023 | May 1, 2023 |
| March | ||
| Signature Bank, New York, NY | PR-021-2023 PR-018-2023 | March 12, 2023 |
| Silicon Valley Bank, Santa Clara, CA | PR-023-2023 PR-019-2023 | March 10, 2023 |
Are US banks at risk? ›
A new report has found that 186 banks in the US are at risk of failure due to rising interest rates and a high proportion of uninsured deposits. The research, posted on the Social Science Research Network titled 'Monetary Tightening and US Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?'
What are the three banks that collapse in the US? ›First Republic, SVB, and Signature Bank are currently the second, third, and fourth largest bank failures in US history, respectively, after Washington Mutual, which went bust during the 2008 global financial crisis and was also acquired by JPMorgan.
Which bank is least likely to fail? ›Wells Fargo (WFC)
Nevertheless, it finds itself as one of the least likely financial institutions to fail.
- UFB Direct.
- Varo.
- Albert.
- Discover.
- Marcus.
- Chime.
- Chase Bank.
- Ally Bank.
| Bank | Total complaints | Complaints per $1 billion deposited |
|---|---|---|
| Wells Fargo | 112,670 | 80.52 |
| Citibank | 82,971 | 106.78 |
| Capital One | 79,622 | 224.31 |
| Discover Bank | 23,072 | 243.18 |
1. JPMorgan Chase. Chase Bank is the consumer banking division of JPMorgan Chase. It currently has more than 4,700 branches and more than 16,000 ATMs.
Which bank is most trustworthy? ›The Lifestory Research 2022 America's Most Trusted® Bank Study found Chase the most trusted bank. The America's Most Trusted® Study is a large-scale survey of consumers in the United States that seeks to identify the brands that people trust the most within their respective industries.
Which bank is the best bank in USA? ›| Chase Bank Overview | |
|---|---|
| Interest on Checking: | 0.01% APY |
| 2022 J.D. Power National Banking Satisfaction Score: | 678 (Second Place and +15 points compared to 2021!) |
| BBB Grade: | A+ |
| Apple iOS: | 4.8 based on 4.8M ratings |
The “big four banks” in the United States are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank. These banks are not only the largest in the United States, but also rank among the top banks worldwide by market capitalization, with JPMorgan Chase being the most valuable bank in the world.
What banks are most at risk? ›- First Republic Bank (FRC) - Get Free Report. Above average liquidity risk and high capital risk.
- Huntington Bancshares (HBAN) - Get Free Report. ...
- KeyCorp (KEY) - Get Free Report. ...
- Comerica (CMA) - Get Free Report. ...
- Truist Financial (TFC) - Get Free Report.
Where is the safest place to bank money? ›
Savings accounts are a safe place to keep your money because all deposits made by consumers are guaranteed by the FDIC for bank accounts or the NCUA for credit union accounts. Certificates of deposit (CDs) issued by banks and credit unions also carry deposit insurance.
Which country owes the most money to the World Bank? ›India takes the top spot. Its $39.7bn debt towards the WB recorded at the end of 2021 is double that of the next biggest debtor, Indonesia, with $19.6bn.
Which banks are in trouble in 2023? ›By the numbers: The three banks that failed this year — Silicon Valley Bank (SVB), First Republic Bank (FRB) and Signature Bank — accounted for 2.4% of all assets in the banking sector.
Which bank has most branches in USA? ›Chase has branches in all of the 48 contiguous United States and has more branches in the U.S. than any other bank. Read Bankrate's review of Chase Bank.