In this article, we discuss the 15 largest banks in the world. To skip to the top 5 banks in this list, go to 5 Biggest Banks In The World.
Since the Federal Reserve began raising interest rates, major banks have been in the spotlight as analysts believe these rate hikes are set to benefit the banking industry. However, the risk of a recession caused much concern in the banking sector as the mortgage and housing markets experienced turmoil.
In this article we list some of the biggest banks in the world. We selected these banks based on their total assets. For each bank we have mentioned the total value of its assets.
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The World’s Largest Bank
15. Morgan Stanley (NYSE:MS)
Total Assets: $1.118 Billion (2021)
Morgan Stanley (NYSE:MS) is a leading global financial services firm with more than 60,000 employees and headquarters in New York. The firm was founded by Henry Sturgis Morgan and Harold Stanley in 1935. The bank has been instrumental in some of the largest financial deals in history, including General Motors’ $300 million debt offering, IBM’s $231 million stock offering and AT&T’s $250 million debt offering.
Morgan Stanley (NYSE:MS) is one of the largest financial institutions in the world. The firm provides a full range of services to its clients, including investment banking, sales and trading, research and asset management. Morgan Stanley (NYSE:MS) is a trusted advisor to some of the world’s largest companies and institutional investors.
14. State Road Corporation (NYSE:STT)
Total Assets: $4.14 Trillion (2021)
State Street Corporation (NYSE:STT) is an American financial services company headquartered in Boston, Massachusetts. In 2021, State Street reported revenue of $12.03 billion. The company employs 39,439 people worldwide.
State Street Corporation (NYSE:STT) is a leading provider of financial services to institutional investors, including investment management, research and trading. The company offers a broad range of products and services, including asset management, custody, exchange-traded funds (ETFs), hedge funds, mutual funds, private equity and real estate. State Street also provides banking services, such as loans, credit cards and deposits.
In recent years, State Street Corporation (NYSE:STT) has expanded its reach beyond traditional financial services. The company has made several strategic acquisitions, including Charles River Development (a software company), Gold Bullion International (a digital gold platform), and eVestment (a data and analytics company). These acquisitions have helped State Street diversify its business and tap into new growth markets.
13. Capital One Financial Corporation (NYSE:COF)
Total Assets: $432,381 Million (2021)
Capital One Financial Corporation (NYSE:COF) is a large American bank holding company. The company is headquartered in McLean, Virginia, and has more than 70,000 ATMs and 333 branch locations across the United States. Capital One Financial Corporation (NYSE:COF) was founded in 1988 by Richard Fairbank and Nigel Morris. The company offers competitive CD rates, with the APY currently at 1.70%.
12. Goldman Sachs Group, Inc. (NYSE:GS)
Total Assets: $1.5 Trillion (2021)
Goldman Sachs Group, Inc. (NYSE:GS) is an American multinational financial company engaged in global investment banking, securities and investment management. The company was founded in 1869 by Marcus Goldman and debuted on the New York Stock Exchange in the fall of 2016.
In 2022, it will have net revenue of $59.34 billion and net income of $21.64 billion. Institutional investors hold 72.55% of The Goldman Sachs Group, Inc.’s shares. (NYSE:GS). The company has a long history of successful investments, providing financing for companies such as Ford Motor Company, United Airlines and Apple Inc.
In recent years, it has been involved in controversial investments, such as the subprime mortgage crisis and the DB 1M scandal. Despite this, The Goldman Sachs Group, Inc. (NYSE:GS) remains a powerful force in the financial world.
11. Barclays PLC (NYSE: BCS)
Total assets: 1.384 Trillion GBP (2021)
Barclays PLC (NYSE:BCS) is a leading financial institution with total assets of 1.384 trillion GBP and 83,500 employees. Founded in 1690, Barclays PLC (NYSE:BCS) has a long history of serving its customers’ needs. The bank offers a wide range of products and services including personal and business banking, investment banking, and wealth management. Barclays is headquartered in London, England and operates in over 50 countries.
10. Banco Santander, SA (NYSE: SAN)
Total Assets: $1,833.446 Billion (As of September 2022)
Banco Santander, SA (NYSE:SAN) is a Spanish multinational bank that offers a variety of financial products and services to its customers. It is one of the largest banks in the world with total assets of $1,833.446 billion.
The bank has its headquarters in Santander and Boadilla del Monte, Madrid. Banco Santander, SA (NYSE:SAN) generated revenues of $51 billion in 2020. It has a large network of ATMs and branches, totaling 2,000 ATMs and approximately 500 branches worldwide.
Banco Santander, SA (NYSE:SAN) offers a wide variety of products and services including savings and checking accounts, loans, credit cards and investment products. The bank also has a strong online presence with an easy-to-use website and mobile app.
Customers can use this platform to check their account balance, transfer funds, pay bills and more. Banco Santander is a trusted and established bank that provides the best service to its customers.
9. Mizuho Financial Group, Inc. (NYSE:MFG)
Total Assets: 237.07 Trillion Yen (2021)
Mizuho Financial Group, Inc. (NYSE:MFG) is one of Japan’s largest financial institutions. As of 2021, it has total assets of 237.07 trillion Yen. The company lost $7 billion in CDOs during the financial crisis but has since recovered and generated revenue of US$29.5 billion in 2020. Its net income was US$4.1 billion in 2020. The company’s main offices are located in Marunouchi, Chiyoda, and Tokyo, Japan .
8. Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)
Total Assets: $2,209,235 Million (2021)
Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) is one of Japan’s largest banks with total assets exceeding $2 trillion. The bank has a strong focus on commercial and corporate banking, and also has a large retail operation. It has over 16,000 employees and operates in around 50 countries around the world.
In recent years, the bank has acquired several other banks and financial institutions, including RBS Aviation Capital for $7.3 billion.
Sumitomo Mitsui Financial Group is headquartered in Tokyo, Japan and its president is Koichi Miyata. It was founded on December 2, 2002. Sumitomo Mitsui Financial Group has several subsidiaries, including Sumitomo Mitsui Banking Corporation.
7. JAPAN POST BANK Co., Ltd. (OTC:JPPTY)
Total Assets: 205 Trillion JPY (2019)
JAPAN POST BANK Co., Ltd. (OTC:JPPTY) is one of the largest banks in Japan, with assets totaling over 205 trillion JPY as of 2019. It is also one of the oldest banks in the country, having been founded in 1875. The bank has an extensive network of branches and ATMs and serves around 150 million account holders.
The bank is headquartered in Tokyo. JAPAN POST BANK Co., Ltd. (OTC:JPPTY) is a subsidiary of Japan Post Holdings and has approximately 12,800 employees.
6. BNP Paribas SA (OTC:BNPQY)
Total Assets: 2.6 Trillion EUR (2021)
BNP Paribas SA (OTC:BNPQY) is a large French bank that reported net income of $11.4 billion in 2018 and had total equity of $139.9 billion in the same year. The bank employs 190,000 people as of 2019 and is headquartered in Paris, France.
BNP Paribas SA (OTC:BNPQY) has a long history, dating back to 1848 when it was founded as the Banque Nationale de Paris. The bank is a major player in the global financial market and provides various banking services to its customers. These services include retail banking, corporate and investment banking, wealth management and asset management.
BNP Paribas SA (OTC:BNPQY) has a strong presence in Europe and also operates in other regions such as North America, Asia Pacific and Africa. The bank has a diverse customer base including individuals, small businesses, large corporates and institutional investors. BNP Paribas SA (OTC:BNPQY) is a publicly traded company and its shares are listed on the Euronext stock exchange.
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Disclosure: None. 15 Biggest Banks In The World originally published on Insider Monkey.