Most people don’t know the 10 largest bank in the world 2021, read this content below you will see the list of the 10 largest banks in the world.
Below are the world’s ten largest banks, determined by the amount of assets and a description of each.
10. Wells Fargo
You may be surprise to see that Wells Fargo is among the top 10 lost largest bank in the world, Wells Fargo has labored through the last few hears with a few scandals they like to Forget. Although the bank still hold $1.93 trillion in assets and is one of the United State largest retail banks.
Wells Fargo was found in 1852, and they has close to 9,000 retail locations across the United States, their headquarters is in San Francisco, California, and the have over 270,000 employees. So they are 10 largest bank in the world.
9. Bank of America (BAC)
Bank of America is also known as BAC, is the one of the 10 largest bank in the world 2021, the bank is a holding company in the Unites state, by assets with $2.19 trillion. The serves their clients all over the world and also has a relationship with 99% of the U.S.
Fortune 500 companies, in 2008, BAC acquired Merrill Lynch, Making it the worlds largest wealth manager, and it is listed on the New York Stock Exchange (NYSE) and is part of the S&P 500 index and the Dow Jones industrial Average, their headquarters is located in Charlotte, North California and the have over 208,000 employers.
8. BNP Paribas
This French bank comes in at the 8 number with the sum of $2.19 trillion in assets. BNP is one of the largest global banking network in the world with operations in 75 countries. BNP has four domestic retail banking markets located in France, Italy, Belgium and Luxembourg. BNP was founded in the year 1848, the headquarters is located in Paris France and they has over 190,000 employers.
7. HSBC Holdings PLC
HSBC bank has over 460 branches in the United state, and majority is in New York State. This bank comes in at number seven on our list of the 10 largest bank in the world 2021 with $2.37 trillion in assets. HSBC bank was at first founded in British Hong Kong in 1865, their headquarters is in London, UK and they have over 235,000 employers.
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6. J.P. Morgan Chase
One of the two so-called “too big to fail” banks, along with Bank of America, J.P. Morgan Chase is the sixth largest bank in the world with $2.50 trillion in assets. The company provides products and services to its clients in 100 countries, It offers asset management, investment banking, private banking, treasury and securities services, and commercial banking. J.P. Morgan Chase is traded on the NYSE under ticker symbol JPM. Of all the banks on our list, Chase is the second newest, having only been founded in 2000. J.P Morgan Chase headquarter is located in New York City, and the have over 245,000 employers.
5. Bank of China
Bank of China of among the 10 largest bank in the world and it Asian bank that top five. Bank of China controls $2.61 trillion in assets and was founded in 1912. The Bank of China is the second largest lender in the country. It currently has two locations in the state of New York. The headquarter is located in Beijing China and have over 310,000 employers.
4. Mitsubishi UFJ Financial Group (Mitsubishi)
With $2.63 trillion in assets, Mitsubishi is Japan’s largest bank holding/financial services group. Part of the Mitsubishi Corporation, the company provides a wide variety of financial and investment services including commercial banking, trust banking, international finance, and assets management services. With all of the accolades MUFG has garnered, it’s surprising to learn they were only founded in 2005. The headquarter is located in Tokyo Japan and have over 106,000 employers.
3. Agricultural Bank of China
If you’re sensing a trend here, you’re not alone. Yet another Chinese bank, the Agricultural Bank of China ranks third in the 10 largest bank in the world with $2.82 trillion in assets. Known as Ag Bank and founded in 1951, the Agricultural Bank of China has branch locations in Seoul, Singapore, Sydney, London, New York and many other of the world’s largest cities. Fun fact: In 2007, Ag Bank was victim of the largest Chinese bank robbery ever. Thieves stole $7.5 million. The headquarter is located in Beijing, China and have over 444,000 employers.
2. China Construction Bank Corporation
The second largest bank in China also happens to be the second largest in the world. The China Construction Bank Corporation currently holds $3.02 trillion in assets. One of the older banks in China, CCB was founded in 1954. In 2005, Bank of America wanted to expand its business into China. So it purchased a 9% stake in CCB. That didn’t work out so well however. And BOA needed to sell most of its stake in 2009 during the US financial crisis. In 2013, Bank of America sold its remaining position in CCB and has focused its Asian operations in Hong Kong. The headquarter is located in Beijing, China and has over 330,000 workers.
1. Industrial and Commercial Bank of China
The industrial and Commercial Bank of China was established in 1984 and has grown so quick to become among the first in 10 largest bank in the world 2021 based on the assets. It currently has whopping of 3.47 trillion. They offer the majority of their loans in manufacturing, transportation, power and retail. This bank shows no signs of slowing down either. It reported a 3.3% rise in profit for the 3rd quarter of 2017. The headquarter is located in Beijing China and have over 460 employers.
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