The history of banking can be traced back to the first banks that were created in ancient Rome and Greece. These banks were used to store money and make loans to businesses and individuals. The first modern bank was created in 1784 in England. Since then, banking has evolved into a global industry with branches in every country.
Some banks have shot up in popularity over the years and this has led to economic growth. Serious investors may ask, “out of the many banks in the world, which are the largest and most profitable”? Looking for an interactive stock chart like those readily available at Finance Charts is one of the best ways to stay on top of research for stocks. This article will discuss the 20 largest banks that have a high probability of showing up on Finance Charts.
1. JP Morgan Chase
JP Morgan Chase is the largest bank in America, with assets totaling more than $2 trillion. The bank was founded in 1824 and has a long history of providing financial services to businesses and consumers. JP Morgan Chase is a diversified financial services company that offers a wide range of products and services, including banking, wealth management, and securities brokerage.
2. Bank of America
Bank of America is a multinational banking and financial services corporation, the second-largest bank in the United States by total assets. It is a major provider of banking and financial services to consumers and small businesses in the U.S. and has a significant presence in Europe.
Since its establishment in 1812 as the City Bank of New York, Citigroup Inc. (Citi) has been one of the most influential banking institutions in the world. Citi has played a pivotal role in developing new products and services and has been at the forefront of industry changes.
4. Wells Fargo
From its humble beginnings as a small regional bank in California, Wells Fargo has grown to become one of the world’s largest financial institutions, with more than 270,000 employees and operations in more than 40 countries. The company has weathered some of the most significant financial crises in history and has remained a trusted and reliable source of banking and financial services for millions of customers around the world.
HSBC Holdings plc is a British multinational banking and financial services company headquartered in London, United Kingdom. It is the world’s sixth-largest bank by total assets and the largest in Europe with total assets of US$2.558 trillion.
6. China Construction Bank
The China Construction Bank (CCB) is the second-largest bank in China, with total assets of over $2.8 trillion. It is also the largest bank in the world by market capitalization. The CCB was founded in 1954 as the People’s Construction Bank of China and has played a major role in the development of the Chinese banking sector.
7. Agricultural Bank of China
The Agricultural Bank of China is the country’s largest lender to the agricultural sector, with over 16,000 branches and nearly 190 million individual customers as of the end of 2014. The bank has been a leader in agricultural finance, providing credit and other services to farmers and rural businesses for over 60 years.
8. Bank of China
The Bank of China is the first modern bank in China, and it has a long and varied history. It was first established in 1912, and it has been through a lot of changes over the years. It has been through wars, revolutions, and political turmoil, but it has always managed to survive. It is now the largest bank in China, and it is a major player in the global banking industry.
9. Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group, Inc. (MUFG) is a Japanese financial service holding company. It is the world’s largest bank by assets and the second-largest by market capitalization. The company has over 1,300 locations in over 50 countries.
10. Deutsche Bank
Deutsche Bank AG is a German global banking and financial services company with its headquarters in Frankfurt. The bank is the largest in Germany and Europe, and the fourth largest in the world. Deutsche Bank traces its origins to a 1770 friendship bank founded by two merchants in Berlin.
11. Sumitomo Mitsui Financial Group
Sumitomo Mitsui Financial Group (SMFG) is a Japanese banking and financial services company. It is the third-largest financial services company in Japan behind Mitsubishi UFJ Financial Group and Mizuho Financial Group. The company was founded in 2001 as a result of the merger of Sumitomo Mitsui Banking Corporation and Mitsui Trust and Banking Company.
Barclays Bank is a multinational banking and financial services company that has its origins in the United Kingdom. The company has over 48 million customers and operates in over 40 countries. Barclays is a major provider of financial services in the UK and is one of the largest credit card issuers in the world.
13. BNP Paribas
The BNP Paribas Group is a European banking and financial services company with a long history dating back to 1848. It is one of the largest banks in the world with over €2 trillion in assets and a presence in more than 80 countries. The Group offers a comprehensive range of banking and financial services to individuals, large corporations, and institutions.
14. Credit Agricole
Credit Agricole is a French bank that is quickly changing the banking landscape in France. The bank has been growing at a fast pace and has been innovating its products and services. Credit Agricole is also expanding into new markets, such as Italy.
15. ING Groep
Ing Groep is a Dutch multinational banking and financial services corporation with its headquarters in Amsterdam. It is the largest Dutch company and ranked 25th in the Fortune Global 500 in 2016. The company is a component of the Euro Stoxx 50 stock market index.
16. Intesa Sanpaolo
Intesa Sanpaolo Bank is an Italian bank that offers a variety of services to its customers, including accounts, loans, and investments. The bank has been in operation since 1998 and has over 16 million customers. Intesa Sanpaolo Bank is one of the largest banks in Europe and is a member of the European Banking Union.
17. Standard Chartered
Standard Chartered Bank is a British multinational banking and financial services company headquartered in London, England. It operates a network of more than 1,200 branches and outlets in over 70 countries and employs around 87,000 people.
18. Mizuho Financial Group
Mizuho is a Japanese financial group that has a long and complex history. It began as a rice merchant in the late 1800s and has since become one of the largest and most influential financial groups in the world. Mizuho has weathered many financial crises and has continued to grow and expand its reach. Today, it is a major player in the global financial market and offers a wide range of products and services.
19. Royal Bank of Scotland
The Royal Bank of Scotland (RBS) has been a staple of the Scottish economy for centuries. RBS has helped to shape the Scottish economy by providing banking and financial services to businesses and individuals in Scotland. RBS has also been a major player in the Scottish economy by providing loans to businesses and promoting economic development.
UniCredit Bank was founded in 1998 as a merger between two Italian banks, Credito Italiano and Unicredito Italiano. The bank has grown to be one of the largest in Europe, with over 1,600 branches and over 100,000 employees. UniCredit Bank has had a significant impact on the banking industry, innovating products and services and expanding into new markets.
The top 20 largest banks in the world hold over $38 trillion in asset holdings. This is more than two-thirds of the world’s Gross Domestic Product (GDP). The banking sector is constantly changing, with new banks emerging and others falling behind. The top 20 banks in the world today may not be the top 20 banks in a few years. The best way to keep up with the times is to visit sites like Finance Charts, an interactive chart that tracks when a bank’s interest rate hikes, when they are experiencing good economic growth, and when the real-time price for their stocks change.