When considering what bank to do business with, it is helpful to know which banks are the market leaders. Market leaders in the banking world can be distinguished by the amount of tier-one capital, the amount of assets, the amount of profit, and the amount of deposits. The following lists display this information, for the benefit of the consumer and/or businessperson.
The first list, below, represents the top ten banking groups in the world ranked by tier-one capital in 2004 (U.S. Dollars):
1. Citigroup — 73 billion
2. JP Morgan Chase — 69 billion
3. HSBC — 67 billion
4. Bank of America — 64 billion
5. Credit Agricole Group — 63 billion
6. Royal Bank of Scotland — 43 billion
7. Mitsubishi Tokyo Financial Group — 40 billion
8. Mizuho Financial Group — 39 billion
9. HBOS — 36 billion
10. BNP Paribas — 35 billion
The next list, below, shows the top ten banking groups in the world ranked by assets in 2003 (U.S. Dollars):
1. Mizuho Financial Group — 1,265 billion
2. Citigroup — 1,097 billion
3. Allianz — 1,002 billion
4. UBS — 907 billion
5. Sumitomo Mitsui Financial Group — 903 billion
6. Deutsche Bank — 892 billion
7. Fannie Mae — 888 billion
8. ING Group — 843 billion
9. BNP Paribas — 835 billion
10. Mitsubishi Tokyo Financial Group — 832 billion
The list below ranks the top ten bank holding companies in the world ranked by profit in 2003 (U.S. Dollars):
1. Citigroup — 20 billion
2. Bank of America — 15 billion
3. HSBC — 10 billion
4. Royal Bank of Scotland — 8 billion
5. Wells Fargo — 7 billion
6. JP Morgan Chase — 7 billion
7. UBS AG — 6 billion
8. Wachovia — 5 billion
9. Morgan Stanley — 5 billion
10. Merrill Lynch — 4 billion
The following list displays the top nine bank holding companies in the U.S. ranked by deposits as of June 30, 2004. These are U.S. deposits only.
1. Bank of America Corp. — 526 billion
2. Wells Fargo & Co. — 256 billion
3. Wachovia Corp. — 238 billion
4. J.P. Morgan Chase & Co. — 377 billion
5. Citigroup Inc. — 193 billion
6. U.S. Bancorp — 112 billion
7. SunTrust Banks, Inc. — 78 billion
8. BB&T Corporation — 67 billion
9. National City Corp. — 64 billion
The consumer and/or businessperson would be well-advised to take such rankings into consideration when deciding which financial institution, among many, he or she should establish a banking relationship with.
Related Articles of Interest :
-
Business Banks
10 August 2010 8:30 PM |
No Comments
Business banks are universal banks, which offer the best of retail banking as well as investment banking. For example, Citigroup, a very large American bank, is involved in commercial and retail lending. It owns a merchant bank (Citicorp Merchant Bank Limited) and an investment bank...
-
Banks
10 August 2010 8:30 PM |
No Comments
A bank is an institution that provides different types of financial services; this includes mainly taking deposits and offering credit. Currently, the term ‘bank’ refers to an institution that holds a banking license to conduct the most fundamental banking services, such as accepting deposits and...
-
A Comprehensive Forex Broker Register
10 August 2010 8:30 PM |
No Comments
A comprehensive forex broker list includes investment banks with dealing rooms, commercial banks with treasury operations, and online brokerages that serve a larger market. The investment banks with forex trading capabilities include Morgan Stanley, Merrill Lynch, Goldman Sachs, Salomon Smith Barney, Lehman Brothers, Credit Suisse...
-
Top Mortgage Companies
10 August 2010 8:30 PM |
No Comments
To become a top mortgage company, finance and its management are not the only things required. History indicates that innovation is the prime driving force in leading a mortgage company to the top. A case in point is Citigroup, considered by many pundits to be...
-
Online Banks
10 August 2010 8:30 PM |
No Comments
Online banking refers to the customer using secure internet access, with 128-bit encryption, to perform banking tasks related to his account. The customer is provided with a unique customer ID and password so as to access his account online. The password is changed at regular...
-
Banking
10 August 2010 8:30 PM |
No Comments
The word ‘bank’ is derived from the Italian word ‘banca’, which is derived from the German word for ‘bench’. Moneylenders in Northern Italy originally did business in open areas or open rooms where each lender worked from his own bench or table. The very first...
-
Commercial Banking
10 August 2010 8:30 PM |
No Comments
A commercial bank’s primary liabilities are deposits and primary assets are loans and bonds. As per the U.S. Banking Act of 1971, the “commercial bank” is an institution that offers demand deposits and originates loans.” Therefore, a money market mutual fund is not a commercial...
-
Internet Bank Accounts
10 August 2010 8:30 PM |
No Comments
Internet banking is a system that allows people to manage their bank accounts and investments over Internet conveniently 24 hours a day. With Internet banking, one can manage their accounts in a fast, easy and simple manner from the comfort of their home, workplace, or...
-
Banking Services
10 August 2010 8:30 PM |
No Comments
The type of services offered by a bank depends upon the nature of the bank and the country where the bank operates. The services provided by banks usually include checking accounts, saving accounts, and investment advice. The main function of most banks is directly accepting...
-
Offshore Bank Accounts
10 August 2010 8:30 PM |
No Comments
Offshore banking is simply using banking facilities in a jurisdiction other than one’s own. Offshore bank accounts protect wealth and assets and help people conduct business in a confidential and private manner. Offshore bank accounts specialize in securing personal and corporate banking and financial resources....