Bank is a one of the most important parts of the financial sector. A bank is a financial intermediary and money creator that creates money by lending money to a borrower, thereby creating a Finance is the life blood of trade, commerce, and industry. Nowadays, banking sector acts as the backbone of modern business. Development of any country mainly depends on upon the banking sector. There are a large number of banks in the world. Here I give you an idea about the best bank in the world by revenue and popularity.
Best Bank in The World by Revenue
10. Commonwealth Bank of Australia
The Commonwealth Bank of Australia is an Australian multinational bank with business across New Zealand, Fiji, Asia, USA and the United Kingdom. It was founded in 1911 by King O'Melley and Andrew Fisher. This bank is commonly known as the Commonwealth Bank or CBA or Commbank. It provides many services including retail, business, Insurance, investment and broking services. The Commonwealth Bank is the largest bank in Australia. David J Turner is the Chairman and Ian Narev is the CEO and Managing Director of this bank.
9. Bank Of China
Bank of China Limited is one of the biggest banks in China. It was founded in 1912 by the Republican government. The Imperial Bank of China replaced into the Bank of China. The headquarters are in Beijing. In 2009, it was the second largest lender in China and the 5th largest bank in the world by market capitalization value.
8. Agricultural Bank of China
Agricultural Bank of China is one of the largest banks in China. It is also known as AgBank. It is one of the big four banks in China. It was founded in 1951. The headquarters are in Beijing. ABC has 320 million customers, 2.7 million corporate clients, And nearly 24,000 branches. Jiang Chaoliang is the chairman and Zhan Yun is the CEO of this bank.
Citigroup Inc or Citi is an American multinational bank. The headquarters are in Manhattan, New York. It is the third-largest bank holding company in the USA by assets. It was founded in 1812. Michael O'Neill is the chairman and Michael Corbat is the CEO of this bank.
6. China Construction Bank
China Construction Bank is one the big four banks in China. In 2011, it was the second largest bank in the world by market capitalization. It was founded in 1954. The headquarters are in Beijing. The slogan of this bank is "CCB Build in modern". Zhang Jianguo is the president and Xin Shusen is the vice president of this bank.
5. Bank of America
Bank of America is an American multinational bank. The headquarters of this bank are in Charlotte, North Carolina. It was founded in 1998. The founder of this bank is Amadeo Giannini. It is the second-largest bank holding company in the United States of America by assets. Brian T. Moynihan is the CEO and chairman of this bank. In 2010, Forbes listed Bank of America as the third biggest company in the world.
4. HSBC Holdings
HSBC Holdings is a British multinational bank. It was founded in Hong Kong at 1865 and then Britain in 1991 as HSBC Holdings plc. The founder of this bank is Thomas Sutherland. The headquarters are in London. HSBC has around 6,600 offices in 80 countries and around 60 million customers. Douglas Flint is the group chairman and Stuart Gulliver is the group chief executive of this bank.
3. Wells Fargo
Wells Fargo & Company is an American multinational banking and financial services holding company. It was founded in 1852 by Henry Wells and William Fargo. The headquarters are in San Francisco, California. It is the fourth largest bank in U.S. John G Stumpf is the chairman, President, and CEO of this bank.
2. JP Morgan Chase
JP Morgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the U.S. It was founded in 1799. The predecessor of this bank is Bank of Manhattan Company, Chase Manhattan Bank, and J.P. Morgan & Co. The headquarters are in New York City, New York, USA. Jimie Dimon is the chairman, CEO & President of this bank.
1. Industrial And Commercial Bank of China
Industrial And Commercial Bank of China Ltd. is the largest bank in the world by total assets and market capitalization. It was founded in 1984. The headquarters are in Beijing, China. It is one of the big four banks in China. About 405,354 employees work there. Jiang Jianqing is the chairman and executive director of this bank.