Top 10 Largest Banks in the World

According to The Banker Magazine Top 1000 World Banks ranking for 2010, Bank of America Corporation gained the highest position with USD 160,387.8 million Tier 1 Capital, followed by JP Morgan Chase & Co as the second largest bank in the world.

JPMorgan Chase is one of the oldest financial institutions in the United States. It is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity.

Royal Bank of Scotland is the largest bank in the UK and the 4th largest in the world. It was the first bank in the world to offer an overdraft facility in 1728. In 1969, the bank merged with the National Commercial Bank of Scotland to become the largest clearing bank in Scotland.

Following is the list of top 10 largest banks in the world:
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

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