Top 20 banks in the world
Posted by Arun Uday on February 28, 2008
One of the purported strengths of India over China is supposedly our well developed financial and banking infrastructure. Therefore, it came as a surprise to me to learn that 3 of the top 5 banks (by mkt cap) in the world today are from China and the Indian banks are nowhere in the picture. HSBC, btw is the third largest.
See:
http://news.hereisthecity.com/news/business_news/7538.cntns
1. Industrial & Commercial Bank of China Limited - $277.5bn market capitalization
2. Bank of America - $195.9bn
3. HSBC - $176.7bn
4. China Construction Bank Corp. - $165.2bn
5. Bank of China - $165.0bn
6. JPMorgan Chase - $159.6bn
7. Citi - $140.6bn
8. Wells Fargo - $112.3bn
9. Banco Santander - $109.8bn
10. Mitsubishi UFJ Financial - $105.4bn
11. ABN AMRO - $103.6bn
12. UniCredit - $97.5bn
13. Intesa SanPaolo - $89.8bn
14. BNP Paribas - $88.4bn
15. Goldman Sachs - $87.6bn
16. UBS - $84.8bn
17. BBVA - $78.3bn
18. Sberbank - $77.7bn
19. Royal Bank of Scotland - $76.0bn
20. Wachovia - $75.4bn
