As of Nov 2023, the top 5 banks in the world are listed below:
Industrial and Commercial Bank of China (ICBC) ICBC is the largest bank in the world by total assets, with over $5 trillion in assets as of 2022. The bank is headquartered in Beijing, China and has over 17,000 branches worldwide. ICBC offers a wide range of banking products and services, including commercial banking, investment banking, retail banking, and wealth management.
China Construction Bank (CCB) CCB is the second largest bank in the world by total assets, with over $4 trillion in assets as of 2022. The bank is headquartered in Shanghai, China and has over 14,000 branches worldwide. CCB offers a wide range of banking products and services, including commercial banking, investment banking, retail banking, and wealth management.
JPMorgan Chase & Co. (JPM) JPMorgan Chase is the largest bank in the United States by total assets, with over $3.8 trillion in assets as of 2022. The bank is headquartered in New York City, New York and has over 5,100 branches in the United States. JPMorgan Chase offers a wide range of banking products and services, including commercial banking, investment banking, retail banking, and wealth management.
Bank of America (BAC) Bank of America is the second largest bank in the United States by total assets, with over $3 trillion in assets as of 2022. The bank is headquartered in Charlotte, North Carolina and has over 4,300 branches in the United States. Bank of America offers a wide range of banking products and services, including commercial banking, investment banking, retail banking, and wealth management.
Wells Fargo & Co. (WFC) Wells Fargo is the third largest bank in the United States by total assets, with over $2.9 trillion in assets as of 2022. The bank is headquartered in San Francisco, California and has over 8,000 branches in the United States. Wells Fargo offers a wide range of banking products and services, including commercial banking, investment banking, retail banking, and wealth management.
These five banks are all considered to be global systemically important banks (GSIBs), meaning that they are considered to be so large and interconnected that their failure could have a systemic impact on the global financial system. As a result, these banks are subject to increased regulation and supervision.