Top Banks List
The Top 25 Worst Banks by Losses
The graphic below shows the top 25 worst global banks based on losses:
Source: The Banker
Except VTB-Bank of Russia, all the losers in this list are from Europe, the U.S. and Japan. None of the major emerging market banks appear in this list which confirms their strength during the global financial crisis.
The Top 20 World Banks 2010 By Tier 1 Capital
Bank of America (BAC) tops the rankings in the Top 20 World Banks 2010 list based on Tier 1 capital published by The Banker magazine. Bank of America topped this ranking back in 1970 when the list was released for the first time. The second and third places went to JPMorgan Chase(JPM) and Citigroup (C) of the US respectively.Royal Bank of Scotland (RBS) and HSBC Holdings Ltd (HBC) took the fourth and fifth spots.
Top 20 World Banks for 2010
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Source: The Banker
The three emerging market banks that made it to the global ranks are the Chinese banks - ICBC, China Construction Bank Corp(OTC: CICHY)and Bank of China(OTC: BACHF).
India’s Best Public, Private and Foreign Banks
The Financial Express newspaper of India published India’s Best Banks in March this year. The banks were ranked based on the following factors:
- Strength & Soundness
- Growth
- Profitability
- Efficiency
- Credit Quality
India’s Best Banks
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HDFC Bank (HDB) took the top rank in the New Private Sector Bank category. ICICI Bank (IBN) was ranked at number four. The capital adequacy ratio was 15.69% and 15.53% for HDFC and ICICI respectively based on 2009 results.
The World’s Top Banks by Profits and Losses
Each year The Banker magazine publishes a list of the best global banks based on various factors such as profits, losses, assets, etc. The graphic below lists the best and worst banks based on 2009 data:
via The Economist
It is interesting to note that the two most profitable banks in the world are Chinese banks - ICBC and China Construction Bank(OTC: CICHY). Two other Chinese banks that are in this list include Bank of China(OTC: BACHF) and Agricultural Bank of China. The three Brazilian banks that made it to this ranking are Banco Bradesco(BBD),Itau Unibanco(ITUB) and Banco do Brasil (OTC: BDORY). Anglo Irish was the worst bank in terms of losses followed by GMAC and Citibank(C). Despite many bailouts in the developed world, European and American banks dominate the losers category.
The Five Largest Banks of Mexico
The five biggest banks of Mexico based on total assets are shown below:
Source: The Banker
The banking industry in Mexico is heavily dominated by foreign banks. Mexico’s largest bank Banamex is a Citigroup(C) subsidiary. BBVA Bancomer is the subsidiary of Spanish banking group BBVA (BBVA). Based in Monterrey Grupo Financiero Banorte has been in business since 1899. HSBC Mexico is a member of the British banking group HSBC(HBC). Santander Mexico is part of the Spanish banking giant Banco Santander(STD). Last week Bank of America sold its entire 24.9% stake in Santander Mexico to Banco Santander giving Santander full control of the bank.
The Largest 13 U.S. Banks by Market Capitalization
The four largest “Too Big To Fail(TBTF)” U.S. banks Bank of America (BAC), JPMorgan Chase(JPM), Citigroup (C) and Wells Fargo(WFC) continue to remain as the largest banks in the country. These TBTF banks are also known as the superbanks.
From a November, 2009 article titled Too-Big-To-Fail and the Theory of Large Numbers by Henry C.K. Liu:
“JP Morgan Chase is reportedly holding more than $1 of every $10 on deposit in the US. The four biggest super banks (JP Morgan Chase, Bank of America, Wells Fargo and Citibank) now issue one of every two mortgages and about two of every three credit cards in the
Sheila C. Bair, chairman of the Federal Deposit Insurance Corp, described the TBTF problem as: “It fed the crisis, and it has gotten worse because of the crisis.”
The
The chart below shows the 13 Largest 13 U.S. Banks by Market Capitalization:
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The largest four also hold the largest bank deposits. The market cap of US bank (USB) is less than half of Citigroup, the fourth largest bank. The market cap of Bank of America is higher than all the non superbanks except U.S. Bank.
