The present fiscal emergency has plunged a significant part of the planet into an investment disquietude not seen since the Great Depression of the 1930’s. It has come about into the breakdown of the lodging market, abandonment’s and higher unemployment. Securities exchanges have taken a downturn, even as governments attempt to ransom banks that are recognized as too huge to fall flat.
While extensive money related establishments have been both schmucks and guilty parties of the worldwide emergency, it is still most likely more secure to keep your stores with huge banks. They have the stakes and the value to back them up in times of issues, and regardless of the fact that they do begin to fall flat, its size and impact on the economy imply that they are liable to be backed by the administration. Here is a list of Top 10 Largest Banks Of The World. You can avail the services according to your assets.
10) Bank of America, United States
Assets: $2.1 trillion
The Bank of America is situated in Charlotte, North Carolina, United States of America but its branches are spread in nearly 150 countries. After purchasing Merril Lynch in the year 2008, it became one of the major banks in the investment sector and wealth management systems.
9) JP Morgan Chase, United States
Assets: $2.3 trillion
This bank is also located in United States of America. It was established back in 2000 by amalgamation of JP Morgan and Chase Manhattan Co. hence it was named as JP Morgan Chase bank. The amalgam has produced miraculous results in the sectors of private banking, asset management, wealth management, investment banking, treasury and security. It is the largest bank in America and provides services of retail banking, commercial banking and credit card services both in Canada and USA.
8) The Royal Bank of Scotland (RBS), United States
Assets: 2.3 trillion
This bank is very old and was established in the year of 1727. It is located in Edinburgh, Scotland but around 80% of its shares are distributed in UK’s stock market. RBS controls four other banks namely Smith’s Bank of Nottingham, Ulster Bank, National West Minister Bank and NWB.
7) The Barclays Group, United Kingdom
Assets: 2.4 trillion
This bank is situated in London, UK and its branches are located in more than 50 countries. It deals with approximately 48 million customers. It is popular because of the sponsorship, Barclays provides to English Premier League. It is a universal bank dealing in retail banking, business banking, investment banking, wealth management and investment management mostly. The financial services provided by this bank are worth mentioning. That is why this large number of customers is engaged with Barclays.
6) Credit Agricole, France
Assets: $2.4 trillion
Its branches are spread over 60 countries of the world. Nearly 21 million customers have dealings with this bank. It is largest bank regarding retail banking in France and second largest in Europe. And it is also at number two in the list of cooperative banks in the whole world. This bank purchases stakes in local banks and this technique makes Credit Agricole a unique and popular one.
5) Mitsubishi UFJ Financial Group, Japan
Assets: $2.4 trillion
Located in Chiyoda, Tokyo, Japan this bank is one of the largest financial banks in the Mitsubishi group. If we talk about deposit holdings it holds a second place in the world. It was established in 2005 by merging Mitsubishi Tokyo Financial Group (MTFG) in Tokyo and UFJ Holdings in Osaka. Amazing results have been seen since the merging has take place.
4) Industrial and Commercial Bank of China, China
Assets: 2.4 trillion
It is the best bank in the sector of market capital and profit capital. It is the fourth largest banks of China. The other three banks are Bank of China, Agriculture Bank of China and China Construction Bank. ICBC was established back in 1984 and was launched as a limited company. And then the hard work of this bank made it amongst the top banks.
3) BNP Paribas, France
Assets: 2.5 trillion
In 2000 Banque Nationale de Paris and Paribas were merged and named as BNP Paribas. It is situated in Paris but it has got its headquarters in London. It is master in the sectors of retail banking, investment banking, and corporate banking and investment solutions. The main focus of BNP Paribas is on the markets of Luxembourg, Belgium, Italy and France.
2) HSBC, United Kingdom
Assets: 2.6 trillion
The banks roots might be followed to 1865 when it opened business settings in Hong Kong and Shanghai in China, consequently the name HSBC, which stands for Hong Kong and Shanghai Banking Corporation. In 1991, HSBC Holdings plc was built to serve as the expecting organization and to empower its buying of Midland Banks in the United Kingdom. The bank is situated in London, yet has branches in 85 nations and regions around the globe.
1) Deutsche Bank, Germany
Assets: 2.8 trillion
The headquarters of this bank are located in the Twin Towers of Frankfurt and Germans regard it a symbol of glory. It keeps up business settings in all the major and developing markets, utilizing more than a hundred thousand individuals spread over 70 nations. The bank is one of the biggest merchants of outside trade on the planet, regulating in excess of a fifth of the business sector