The following are the largest European banks in terms of total assets. The U.S. banking giant JPMorgan Chase & Co. is currently the largest bank in the World in terms of market capitalization. Industrial and Commercial Bank of China Ltd. (ICBC), the world’s largest lender by assets, will soon appoint another new vice president, bringing the total number to five, Caixin has learned from sources with knowledge of the matter. The world's largest banks: Bank atlas, with data from Moody's An atlas of banks country-by-country (approx. Best Bank for SMEs. The lists includes banks as well as Building Societies. Top 10 Retail Banking Innovations in the World Subscribe Now Get The Financial Brand Newsletter for FREE - Sign Up Now To find the best innovations in retail banking, you usually need to look beyond North America. Bank of America Merrill Lynch investment banking offerings include mergers and acquisitions, debt and equity offerings, lending, trading, risk management, and other services. Bank of Communications Market cap: $818.60 billion. With 46 million clients, Bank of America is the third largest investment bank in the world and the 13th largest company in the world. The second-largest bank in America, it operates 4,600 retail financial centers worldwide, and close to 20,000 ATM machines. World Bank programs help save and improve lives by expanding opportunities for the poor and promoting economic growth, which fosters global stability and peace. For the third year running, DBS has been recognised as the World’s Best Bank by New York-based financial publication Global Finance at its World’s Best Global Banks 2020 Awards. 6 HSBC: $2.55 Trillion The company's key business areas are investment banking, asset management, markets and treasury services, private banking, brokerage, wealth management, securities, and merchant and commercial banking. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney. National Commercial Bank National Commercial Bank (Alahli Bank) is one of the largest banks in the Arab world. China's largest banks continued to expand, while a weakened dollar hampered U.S. banks' rankings against their global peers, according to S&P Global Market Intelligence's latest global bank rankings.. China's "Big Four" state-backed banks — Industrial & Commercial Bank of China Ltd., China Construction Bank Corp., Agricultural Bank of China Ltd. and Bank of China Ltd. — again swept the … First National Bank has been named as the SME Bank of the Year at the Global SME Finance Forum Virtual awards ceremony held on 27 October. The three largest U.S. banks hold only 5, 9 and 12 places in the list. JPMorgan Chase & Co (NYSE: JPM) is the largest investment bank in the world, with a market share of about 9% and investment banking revenue of $7.2 billion in 2019. 4th Largest Bank in Europe, 12th Largest in the World--Santander Bank Chooses Insider to Drive Individualized Omnichannel Experiences & Loyalty Historical assets are retrieved from the Published Balance Sheets/Statements of Condition submitted by the banks to BSP. 1000 banks) and a list of the top 250 global financial groups by assets for 2006 and 2007. The bank has over 90,000 staff and 25 million customers worldwide but serves 11 million customers in Canada through its over 1,150 branches. World's Best Banks 2020: DBS Honored As World’s Best Bank October 06, 2020 Global Finance presents its 27th annual listing of the best banks globally, regionally and in more than 150 countries. Bank of Communications, Limited was founded in 1908 and it is one of the largest banks in China as ranked by assets. It operates 1,808 branches in 10 countries serving 8.3 million consumer- and business banking customers. China Construction Bank Corporation or CCB is one of the ten largest public companies in the world. JPMorgan was not the only bank that came into the Covid crisis with a strong balance sheet, but, as in 2008, the bank has shown that its diverse business lines and fortress balance sheet are what distinguishes it from the pack. In addition, DBS has been accorded the “ Safest Bank in Asia ” award by Global Finance for 11 consecutive years from 2009 to 2019. TD Bank group is the second largest in the country by asset value, and 19th the world by market capitalization. HSBC is the largest bank in Europe with assets of US$2.5 trillion. The World Bank Group is the biggest financier of basic health, education, infrastructure, environmental, governance, and anti-corruption programs in the developing world. ICBC (Industrial and Commercial Bank of China), a state-owned financial institution, is the world’s biggest bank by total assets and deposits. It operates around the world with major centers in Hong Kong, London, and New York. 7. Bank Rankings – Top Banks in the World These bank rankings are compiled from balance sheet information included on Bankers Almanac available on 9 th November 2020. The world's 50 biggest banks have a combined market capitalization of more than US$ 4.28 trillion. The new company brings BB&T and SunTrust, which were respectively ranked 11th and 12th in bank assets as of Sept. 30, 2019, together to form the sixth-largest bank. China Construction Bank (CCB) has announced that it is working with digital securities exchange Fusang to raise up to $3 billion through a publicly-listed debt security on a blockchain. Euromoney editor Clive Horwood said DBS represented what a bank … The best evidence of this ongoing trend is a review of winners in major financial innovation competitions worldwide. The Global SME Finance Awards 2020 which are endorsed by the G20’s Global Partnership for Financial Inclusion (GPFI) were organised by IFC, a member of the World Bank Group and the SME Finance Forum. The impact of Covid-19 has had a significant influence on the 2020 edition of Euromoney awards. Piyush Gupta, CEO of DBS Bank, accepts the award for Best Bank in The World. Excluding the $1 billion (then £572 million) which former President, Saddam Hussein 'authorised' his son to take from the Central Bank of Iraq in March 2003, the largest amount of money stolen from a bank by robbers is estimated at 164,755,150 Brazilian reais ($69.8 million, £38.6 million). The Bank of Communications has a very long history in the country of China. According to a report by Forbes, Toronto Dominion is ranked the 19th largest bank in the world.Among the bank and its subsidiaries, more than 85,000 individuals are … World’s Second-Biggest Bank to Issue $3B in Bonds Tradable for Bitcoin Nov 11, 2020 at 9:23 a.m. UTC Updated Nov 11, 2020 at 11:56 p.m. UTC China Construction Bank (Shutterstock) Bank of America is the second biggest US bank with $2.3 trillion in assets. Headquartered in Beijing, it has approximately 13,600 domestic branches and more than a dozen international ones, including a wholly owned subsidiary situated in London. Since the start of the crisis, Santander has helped more than six million customers through different initiatives such as payment deferrals in mortgages and loans for individuals and companies all around the world, accounting for 16% of our total portfolio. NAB is one of the four largest financial institutions in Australia (17th in the world), and a common focus of articles here at The Financial Brand. It is the seventh wealthiest bank in the world as rated by market cap as of September 15 of 2017. The second-biggest bank in the world is the latest institution to embrace bitcoin. First bank in the world to hold three global best bank titles at the same time Singapore, Hong Kong, Indonesia, Regional, 11 Jul 2019 - In a feat unmatched by other banks globally, DBS has become the first bank to concurrently hold three global best bank awards. The bank reaches its objectives in 2019 and continues to garner more banking accolades. DZ Bank, the third largest bank in Germany, is the central institution for approximately 1,000 cooperative banks, which serve 30 million customers from a combined 12,000 branch offices across Germany. These are the largest banks in the Philippines ranked by total assets as published by Bangko Sentral ng Pilipinas (BSP). Global Finance’s 27th annual awards for the World’s Best Banks honor winners in more than 150 countries and seven global regions, as well as eight regions in the US. The World's largest banks and banking groups by market cap (July 1, 2019). See which U.S. banks made the list. They also own the BNZ banking brand in New Zealand, another perennial favorite of The Financial Brand. Zhang Weiwu, general manager of the state-owned commercial bank’s international business department, has been chosen for the promotion, the sources said. The information available on this date is used to compile the full world and country rankings. It was established in 1984 and today serves over 650 million retail and corporate customers. The aim is to become the Best Bank in the World (BBIW) by 2020. DBS has been named the World's Best Bank by Euromoney magazine in a first for an Asian bank. The 10 largest banks in the world have mind-boggling assets of about $25.81 trillion combined. 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