What Are Some of the Largest Banks in the World?


Quick Answer

Some of the largest banks in the world include the Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China and JPMorgan Chase. Some more of the largest banks in the world include Wells Fargo, HSBC, Citigroup, Bank of America and Barclay's. Different bank survey practices result in different rankings for the world's largest banks, but these banks are consistently among the largest in terms of assets and market capitalization.

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Full Answer

The largest bank in the United States as of 2015 is JPMorgan Chase, with $2.6 trillion in assets. The largest bank in the world is the Industrial and Commercial Bank of China, which holds about $3.4 trillion in assets. China has several large banks, with four Chinese banks among the five largest banks in the world.

Wells Fargo is another large U.S. bank, with over 1.6 trillion in assets. Citigroup and Bank of America, which control approximately $2 trillion in assets each, are other U.S. banks that rank among the largest in the world. When measured by market capitalization rather than assets, these U.S. banks are larger than most of the Chinese banks.

Comparable in size to JPMorgan Chase, HSBC is a large bank based in the United Kingdom. Barclay's, which is also based in the United Kingdom, has over $2.1 trillion in assets.

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