The 10 Biggest Banks in the World

10. Crédit Agricole

Total Assest – (US $ Billion) 2,123.61

The Crédit Agricole Group, also named “la banque verte” (English: “The Green Bank”), is the largest cooperative financial institution in the world due to its historical ties to agriculture. It consists of a network of local Crédit Agricole banks, 39 Crédit Agricole regional banks, and a central entity, Crédit Agricole S.A.. In 1990,[ non-primary source needed] it became a multinational full-service banking organization.[ Clarification needed] It is listed on the first exchange of Euronext Paris as Crédit Agricole S.A., an intermediate holding company, and is part of the CAC 40 index.The group’s local banks controlled the regional banks, and in effect the rest of the regional banks owned the SA. In addition, via a holding company, the S.A. Controlled a portion of the group’s subsidiaries, such as LCL, the Italian network and the company CIB.

The Board is composed of members elected by the Annual General Meeting, trade organization leaders, employee-elected members, a non-voting member and a Works Council delegate.

9. BNP Paribas

Total Assest – (US $ Billion) 2,336.66

BNP Paribas is France’s largest banking company, and the eurozone’s largest bank. It became one of the world’s five biggest banks following the financial crisis of 2008. Despite some legal difficulties in the US in 2014, including being fined the largest sum ever as a reparation for violating US sanctions, it remains one of the world’s ten largest banks.

On 7 March 1848, in response to the financial shock caused by the February 1848 revolution, the French Provisional Government founded the Comptoir national d’escompte de Paris (CNEP). The upheaval destroyed the old credit system, which was already struggling to deliver enough capital to meet the demands of the railway boom and the resulting industry growth. The CEP grew steadily in France and abroad, though a crisis arose in 1889, in which it was briefly placed in the receivership.

The 10 Biggest Banks in the World
The 10 Biggest Banks in the World

Since 2000, the BNP Paribas logo (designed by Laurent Vincent under the leadership of the Director of Communications, Antoine Sire) is called the “courbe d’envol” (the flight curve). The stars allude to the universality and to Europe. The stars ‘ transformation into birds transmits flexibility, independence, development and the ability to change and adapt. The curve’s form and motion puts the emblem inside the universe of creation. The green square symbolizes hope and nature.

8. Bank of America

Total Assest – (US $ Billion) 2,354.51

The Bank of America Corporation (abbreviated as BofA) is an American international investment bank and financial services company based in Charlotte, North Carolina, with central hubs in New York City, London, Hong Kong, Minneapolis and Toronto. Bank of America, based in San Francisco, was established in 1998 through the purchase of BankAmerica by NationsBank. It is the second largest US banking institution, after JPMorgan Chase. It holds about 10.73 per cent of all American bank deposits as part of the Big Four, in direct competition with Citigroup, Wells Fargo, and JPMorgan Chase.Its principal financial services are commercial banking, wealth management, and investment banking.

The 10 Biggest Banks in the World
The 10 Biggest Banks in the World

The name Bank of America first appeared in 1923, when Bank of America, Los Angeles was formed. It was acquired in 1928 by San Francisco’s Bank of Italy which took the name of Bank of America two years later.

The central part of the franchise dates back to 1910, when Chicago’s Commercial National Bank and Continental National Bank merged into Continental & Commercial National Bank in 1910, which evolved into Continental Illinois National Bank & Trust.

7. HSBC

Total Assest – (US $ Billion) 2,558.12

HSBC Holdings plc is a holding company for British multinational investment banks and financial services. By 2018 it was the 7th largest bank in the world and the largest in Europe, with total assets amounting to US$ 2,558 trillion (as of December 2018). HSBC traces its roots to a Hong Kong hong, and its present form was founded by the Hong Kong and Shanghai Banking Corporation in London in 1991 to serve as a new group holding firm. The bank’s roots lie mainly in Hong Kong, and to a lesser degree in Shanghai, where branches were first opened in 1865. The name HSBC is taken from the Hong Kong and Shanghai Banking Corporation initials. The business was formally incorporated in 1866.

HSBC has about 3,900 branches in 65 countries and territories across Africa, Asia, Oceania, Europe, North America and South America, with about 38 million clients. As of 2014, according to a composite calculation taken by Forbes magazine, it was the sixth-largest public company in the world.

The 10 Biggest Banks in the World
The 10 Biggest Banks in the World

HSBC is divided into four business groups: Commercial Banking, Global Banking and Markets, Consumer Banking and Wealth Management, and Global Private Banking.

6. JPMorgan Chase

Total Assest – (US $ Billion) 2,765.05

JPMorgan Chase & Co. is an American international investment bank with offices in New York City that provides financial services. JPMorgan Chase lists S&P Global by total assets as the largest bank in the United States and the sixth largest bank in the world, with total assets amounting to US$ 2,765 trillion. Through market capitalisation, it is also the most important bank in the world. JPMorgan Chase is an integral part of Delaware.

The 10 Biggest Banks in the World
The 10 Biggest Banks in the World

The bank’s asset management unit has US$ 2,988 trillion in assets under administration as of 2019, while its investment and corporate banking branch has US$ 25.45 trillion in assets under control. JPMorgan Chase’s hedge fund business, with assets under management at US$ 45.0 billion, is the third largest hedge fund in the world.

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