Ranking of Top 10 Banks

Ranking of US Largest Banks as of March 31, 2010 (The assets are listed in millions of dollars):
Rank, Bank, Consolidated assets
1. Bank of America Corporation (Charlotte, NC) $2,340,667,014
2. J.P. Morgan Chase & Co. (New York, NY) $2,135,796,000
3. Citigroup Inc.(New York, NY) $2,002,213,000
4. Wells Fargo & Company (San Francisco, CA) $1,223,630,000
5. Goldman Sachs Group, Inc., The (New York, NY) $880,677,000
6. Morgan Stanley (New York, NY) $819,719,000
7. Metlife, Inc. (New York, NY) $565,566,452
8. Barclays Group US Inc. (Wilmington, DE) $427,837,000
9. Taunus Corporation (New York, NY) $364,079,000
10. HSBC North America Holdings Inc. (New York, NY) $345,382,871
Source: Federal Reserve System, National Information Center

In July 2010, The Banker Magazine published its Top 1000 World Banks ranking for 2010. Following are the top 10 list:
No, Bank, Country, Tier 1 Capital (USD million)
1 Bank of America Corp (US) 160387.8
2 JP Morgan Chase & Co (US) 132971.0
3 Citigroup (US) 127034.0
4 Royal Bank of Scotland (UK) 123859.0
5 HSBC Holdings (UK) 122157.0
6 Well Fargo & Co (US) 93795.0
7 ICBC (China) 91110.5
8 BNP Paribas (France) 90648.4
9 Banco Santender (Spain) 81577.8
10 Barclays Bank (UK) 805867.0

In The Africa Report magazine ranking of Top 200 banks in Africa, Standard Bank Group of South Africa is the biggest bank in the region.
The Top Ten Banks in Africa for 2010 are:
1 Standard Bank Group (South Africa)
2 Standard Bank of South Africa
3 ABSA Group (South Africa)
4 NED Bank Group (South Africa)
5 First Rand Banking Group (South Africa)
6 National Bank of Egypt (Egypt)
7 Attijariwafa Bank of Morocco
8 Banque Exterieure D'Algerie (Algeria)
9 Gumhouria Bank (Libya)
10 Credit Populaire Du Morocco (Morocco)

* Next: Top 50 Largest Banks in the US

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Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

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