While regulators and try to find ways to reduce the financial footprint of domestic institutions, American banks continue to lag behind their global competitors such as China. In fact, fully eight of the top 10 banks in the world are based outside the U.S., according to the most recent rankings from S&P Global Market Intelligence. JPMorgan Chase is one of the largest banks in the US. Bank of America is the only other U.S. institution in the global top 10. These are lists of the largest, banks in the world, as measured by total assets and market capitalization. The list includes largest banks in the world by market cap and largest banks in the world by capital.
1) Industrial & Commercial Bank of China
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Headquarters: China
Assets: $3,616.39 billion
2) China Construction Bank
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Rank: 02
Headquarters: China
Assets: $2,939.15 billion
3) Agricultural Bank of China
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Rank: 03
Headquarters: China
Assets: $2,816.60 billion
4) HSBC Holdings
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Rank: 04
Headquarters: UK
Assets: $2,449.60 billion
5) Bank of China
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Rank: 05
Headquarters: China
Assets: $2,670 billion
6) JPMorgan Chase
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Rank: 06
Headquarters: US
Assets: $2,400.04 billion
7) BNP Paribas
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Rank: 07
Headquarters: France
Assets: $2,323.24 billion
8) Mitsubishi UFJ
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Rank: 08
Headquarters: Japan
Assets: $2,629.31 billion
9) Bank of America
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Rank: 09
Headquarters: US
Assets: $2,149.03 billion
10) Credit Agricole
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Rank: 10
Headquarters: France
Assets: $1,911.27 billion
Top 20 Largest Banks in the World
11) Deutsche Bank
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Rank: 11
Headquarters: Germany
Assets: $1,901.37 billion
12) Barclays PLC
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Rank: 12
Headquarters: UK
Assets: $1,882.67 billion
13) Citigroup Inc
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Rank: 13
Headquarters: US
Assets: $1,829.37 billion
14) Wells Fargo
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Rank:14
Headquarters: US
Assets: $1,790 billion
15) Japan Post Bank
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Rank:15
Headquarters: Japan
Assets: $1,701.60 billion
16) China Development Bank
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Rank:16
Headquarters: China
Assets: $1,613.20 billion
17) Mizuho Financial Group
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Rank:17
Headquarters: Japan
Assets: $1,563.88 billion
18) Sumitomo Mitsui Financial Group
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Rank:18
Headquarters: Japan
Assets: $1,526.98 billion
19) Societe Generale
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Rank:19
Headquarters: France
Assets: $1,525.76 billion
20) Royal Bank of Scotland
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Rank:20
Headquarters: UK
Assets: $1,517.99 billion
