Industrial and Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd, Bank of China Ltd, and JPMorgan Chase & Co are the top 5 banks in the world in 2021 by revenue. Cumulatively, the top 10 banks in the world generated revenue of $1,336,571 million, with average revenue growth of 6.1%, where the highest increase being registered by Industrial and Commercial Bank of China Ltd ($222,064 million), while the lowest increases were registered by Postal Savings Bank of China Co Ltd ($80,879 million). The highest revenue growth was registered by Credit Agricole SA (21.7%) and the lowest revenue increase was registered by Bank of America Corp (0.1%). In terms of the geographical split, 5 out of 10 of the world’s major banks are based in Asia-Pacific, while 3 are based in North America, and the other 2 are based in Europe. They employed a total of 2,715,005 people in 2021. China-based Industrial and Commercial Bank of China Ltd is the leading bank in the world (by revenue). The company reported revenues of $222,064 million for the fiscal year ended December 2021 (FY2021), an increase of 6.4% over FY2020 was driven by the launch of free public welfare platforms such as “Emergency Materials Management System” & “Campus Anti-pandemic Registration System” and high-quality development requirements, they advanced reform, innovation, and transformation in depth. The company is a provider of a range of personal and commercial banking, wealth management, and treasury management services. Its portfolio of offerings comprises personal and corporate deposits, personal and corporate loans, debit and credit cards, and investment funds. The company employs 425,000 people in FY2021. China Construction Bank Corp is one of the leading banks in the world (by revenue). The company reported revenues of $200,447 million for the fiscal year ended December 2021 (FY2021), an increase of 8.9% over FY2020. The company is a provider of a range of commercial and personal banking, wealth management, and treasury management solutions. The bank offers treasury services such as foreign exchange services, precious metals, treasury, and savings bonds, which employ 347,319 people.
The 10 largest banks in the U.S. are Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, PNC Bank, Goldman Sachs Bank, Truist Bank, Capital One and TD Bank.
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. The sixth through eighth largest banks, while smaller in market cap than the top five, are still significantly large.
JPMorgan Chase is the richest bank in the U.S., based on Federal Reserve data for consolidated assets. It has over $3.3 trillion in total assets, more than any bank in the country. Total assets include everything a bank owns, from loans and investments to physical assets like buildings and equipment.
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.
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.
JPMorgan Chase, the financial institution that owns Chase Bank, topped our experts' list because it's designated as the world's most systemically important bank on the 2023 G-SIB list. This designation means it has the highest loss absorbency requirements of any bank, providing more protection against financial crisis.
New York, ranked first in the Global Financial Centres Index, is frequently regarded as the world's preeminent financial center. It also consistently ranks as the world's wealthiest.
Introduction: My name is Kerri Lueilwitz, I am a courageous, gentle, quaint, thankful, outstanding, brave, vast person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
