Here are the world’s 20 largest banks as of September 15,2008.
Bank of America’s planned takeover of Merrill Lynch of USA would take it from the world’s fourth to second-largest bank, after the Industrial & Commercial Bank of China (ICBC).
The following are The Top 20 Banks ranked in ascending order, based on their market capitalization at Friday’s close, according to Thomson Reuters data (in billions of dollars):
1. ICBC Bank – $206.0 B
Country: China
2.Bank of America/Merrill* – $198.0 B
Country: USA
3. HSBC – $191.0 B
Country: UK
4.China Construction Bank – $168.0B
Country: China
5.JP Morgan Chase – $141.0 B
Country: USA
6.Bank of China – $123.0B
Country: China
7.Wells Fargo** – $113.0B
Country: USA
8.Banco Santander – $101.0B
Country: Spain
9.Citigroup – $98.0B
Country: USA
10.Mitsubishi UFJ – $87.0B
Country: Japan
11.BNP Paribas – $84.0B
Country: France
12.UniCredit – $71.0B
Country: Italy
13.Royal Bank of Scotland – $69.0B
Country: UK
14.Intesa SanPaolo – $66.0B
Country: Italy
15.Royal Bank of Canada – $62.0B
Country: Canada
16.BBVA – $62.oB
Country: Spain
17.UBS – $61.0B
Country: Switzerland
18.US Bancorp – $59.0B
Country: USA
19.Societe Generale – $55.0B
Country: France
20.Credit Suisse – $52.0B
Country: Switzerland
* – Bank of America bought Merrill Lynch recently
** – Wells Fargo bought Wachovia Bank recently
Source: Reuters
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The Top Ten Banks of China 2007
