Money

The World’s Top 50 Largest Banks by Consolidated Assets

Published

1 month ago

March 19, 2024

Marcus Lu

Article/Editing:

Bruno Venditti

See this visualization first on the Voronoi app.

The World’s Top 50 Largest Banks by Consolidated Assets

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Banks are often among the biggest companies in the world.

In this graphic, we list the top 50 banks in the world by consolidated assets, based on a 2023 report from S&P Global Market Intelligence. The data represents each bank’s total assets for the most recent period available.

Chinese Banks Keep on Growing

According to S&P, the four largest Chinese banks grew their assets by 4.1% in 2022, reaching a combined total of $19.8 trillion.

In fact, Chinese banks already account for over a third of the assets held by the largest banks on the planet. Four of the 15 biggest companies in China are banks.

Rank	Bank	Headquarters	Total Assets
1	Industrial and Commercial Bank of China	🇨🇳 China	$5.7T
2	China Construction Bank Corp	🇨🇳 China	$5.0T
3	Agricultural Bank of China	🇨🇳 China	$4.9T
4	Bank of China	🇨🇳 China	$4.2T
5	JPMorgan Chase & Co.	🇺🇸 US	$3.7T
6	Bank of America	🇺🇸 US	$3.1T
7	Mitsubishi UFJ Financial Group	🇯🇵 Japan	$3.0T
8	HSBC Holdings	🇬🇧 UK	$2.9T
9	BNP Paribas	🇫🇷 France	$2.9T
10	Crédit Agricole Group	🇫🇷 France	$2.5T
11	Citigroup	🇺🇸 US	$2.4T
12	Postal Savings Bank of China	🇨🇳 China	$2.0T
13	Sumitomo Mitsui Financial Group	🇯🇵 Japan	$2.0T
14	Mizuho Financial Group	🇯🇵 Japan	$1.9T
15	Bank of Communications	🇨🇳 China	$1.9T
16	Wells Fargo & Co.	🇺🇸 US	$1.9T
17	Banco Santander	🇪🇸 Spain	$1.9T
18	Barclays PLC	🇬🇧 UK	$1.8T
19	JAPAN POST BANK	🇯🇵 Japan	$1.7T
20	UBS Group	🇨🇭 Switzerland	$1.7T
21	Groupe BPCE	🇫🇷 France	$1.6T
22	Société Générale	🇫🇷 France	$1.6T
23	Royal Bank of Canada	🇨🇦 Canada	$1.5T
24	The Toronto-Dominion Bank	🇨🇦 Canada	$1.5T
25	China Merchants Bank	🇨🇳 China	$1.5T
26	Goldman Sachs Group	🇺🇸 US	$1.4T
27	Deutsche Bank	🇩🇪 Germany	$1.4T
28	Industrial Bank	🇨🇳 China	$1.3T
29	China CITIC Bank International	🇨🇳 China	$1.2T
30	Shanghai Pudong Development Bank	🇨🇳 China	$1.2T
31	Morgan Stanley	🇺🇸 US	$1.2T
32	Crédit Mutuel	🇫🇷 France	$1.2T
33	Lloyds Banking Group	🇬🇧 UK	$1.1T
34	China Minsheng Banking	🇨🇳 China	$1.1T
35	Intesa Sanpaolo	🇮🇹 Italy	$1.0T
36	ING Groep	🇳🇱 Netherlands	$1.0T
37	The Bank of Nova Scotia	🇨🇦 Canada	$1.0T
38	UniCredit	🇮🇹 Italy	$917B
39	China Everbright Bank	🇨🇳 China	$913B
40	NatWest Group	🇬🇧 UK	$868B
41	Bank of Montreal	🇨🇦 Canada	$859B
42	Commonwealth Bank of Australia	🇦🇺 Australia	$837B
43	Standard Chartered	🇬🇧 UK	$820B
44	La Banque Postale	🇫🇷 France	$797B
45	Ping An Bank	🇨🇳 China	$772B
46	Banco Bilbao Vizcaya Argentaria	🇪🇸 Spain	$762B
47	The Norinchukin Bank	🇯🇵 Japan	$753B
48	State Bank of India	🇮🇳 India	$695B
49	Canadian Imperial Bank of Commerce	🇨🇦 Canada	$691B
50	National Australia Bank	🇦🇺 Australia	$680B

The Chinese financial market is followed by the American market on our list, with six U.S. banks combining for $13.7 trillion in assets.

The top 10 on the list include four Chinese banks, two American institutions, two French, one Japanese, and one British.

The biggest climber on our rank was Swiss UBS Group AG. The bank surged to 20th place from 34th in 2021. Its $1.6 trillion asset size has been adjusted to incorporate troubled Credit Suisse Group AG, which UBS agreed to take over in an emergency deal orchestrated by the Swiss authorities in March 2023.

Assets held by the 100 largest banks totaled $111.97 trillion in 2022, down 1.5% from $113.67 trillion a year earlier. Some of the reasons include high inflation, interest rate hikes, and the Russia-Ukraine war, which dampened global economic growth and investor sentiment.

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Money

Charted: Which City Has the Most Billionaires in 2024?

Just two countries account for half of the top 20 cities with the most billionaires. And the majority of the other half are found in Asia.

Published

1 day ago

April 25, 2024

Pallavi Rao

A cropped bar chart ranking the top 20 cities with the most billionaires in 2024.

Charted: Which Country Has the Most Billionaires in 2024?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Some cities seem to attract the rich. Take New York City for example, which has 340,000 high-net-worth residents with investable assets of more than $1 million.

But there’s a vast difference between being a millionaire and a billionaire. So where do the richest of them all live?

Using data from the Hurun Global Rich List 2024, we rank the top 20 cities with the highest number of billionaires in 2024.

A caveat to these rich lists: sources often vary on figures and exact rankings. For example, in last year’s reports, Forbes had New York as the city with the most billionaires, while the Hurun Global Rich List placed Beijing at the top spot.

Ranked: Top 20 Cities with the Most Billionaires in 2024

The Chinese economy’s doldrums over the course of the past year have affected its ultra-wealthy residents in key cities.

Beijing, the city with the most billionaires in 2023, has not only ceded its spot to New York, but has dropped to #4, overtaken by London and Mumbai.

Rank	City	Billionaires	Rank Change YoY
1	🇺🇸 New York	119	+1
2	🇬🇧 London	97	+3
3	🇮🇳 Mumbai	92	+4
4	🇨🇳 Beijing	91	-3
5	🇨🇳 Shanghai	87	-2
6	🇨🇳 Shenzhen	84	-2
7	🇭🇰 Hong Kong	65	-1
8	🇷🇺 Moscow	59	No Change
9	🇮🇳 New Delhi	57	+6
10	🇺🇸 San Francisco	52	No Change
11	🇹🇭 Bangkok	49	+2
12	🇹🇼 Taipei	45	+2
13	🇫🇷 Paris	44	-2
14	🇨🇳 Hangzhou	43	-5
15	🇸🇬 Singapore	42	New to Top 20
16	🇨🇳 Guangzhou	39	-4
17T	🇮🇩 Jakarta	37	+1
17T	🇧🇷 Sao Paulo	37	No Change
19T	🇺🇸 Los Angeles	31	No Change
19T	🇰🇷 Seoul	31	-3

In fact all Chinese cities on the top 20 list have lost billionaires between 2023–24. Consequently, they’ve all lost ranking spots as well, with Hangzhou seeing the biggest slide (-5) in the top 20.

Where China lost, all other Asian cities—except Seoul—in the top 20 have gained ranks. Indian cities lead the way, with New Delhi (+6) and Mumbai (+3) having climbed the most.

At a country level, China and the U.S combine to make up half of the cities in the top 20. They are also home to about half of the world’s 3,200 billionaire population.

In other news of note: Hurun officially counts Taylor Swift as a billionaire, estimating her net worth at $1.2 billion.