Top 10 Banks in the World 2018

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Banks have been playing a very pivotal role in the people’s loves. The money, its circulation, security, and management are preserved by the banks in each country. Banks are the backbone of the national economies and collectively, they decide the global economy. The Chinese and American Banks have mostly stuck to the positions for a considerable period of time. Other countries like France, Japan, United Kingdom, etc. have fought to reach the list of top 10 Banks in the world. Some of the top banks in the world are dominated by Chinese banks like ICBC, China Construction Bank, Agriculture Bank of China followed by JP Morgan, HSBC, Bank of China etc. Retail and Personal Banking, Corporate Banking, Asset Management, Loans, Investment Banking, etc. are the major functions of the banks and holding groups. The banks have revolutionized the way they reach and provide services to the customers. Here is a list of top 10 banks in the world 2018 based on revenue, net assets and income.


Quick Glance:

Below are the top Banks in World 2018:

1st Place : ICBC

2nd Place : China Construction Bank

3rd Place : Agricultural Bank of China

4th Place : Bank of China

5th Place : HSBC

6th Place : JP Morgan Chase

7th Place : HSBC

8th Place : BNP Paribas

9th Place : Bank of America

10th Place : Wells Fargo

For more details about rankings and parameters, read on.


Top Banks in World 2018 with Ranking Parameters (Revenue, Income & Net Assets):


10. Wells Fargo & Company

Wells Fargo & Company is an American company headquartered at San Francisco, California.


Image: flickr.com/photos/22711505@N05/

The company has central offices throughout the country and has given customers access to its many offices across geographies. The bank enjoys the status of the second largest bank in the world by market capitalization as well as the third largest bank by total assets in United States.

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The financial services of the bank include products such as corporate banking, consumer finance, equities trading, investment banking, retail brokerage, risk management, wealth management, private banking, mortgage loans, currency exchange, credit cards, consumer finance, foreign exchange trading and many more. The bank employs around 270 thousand employees worldwide. The back-offices of Wells Fargo in India and Philippines have more than 3000 people in staff. The bank has offices in London, Dubai, Hong Kong, Singapore, Tokyo and Toronto. Wells Fargo is a top banker for the gun-makers in US and Nation Rifle Association. However, this affiliation of the bank has aroused many controversies.  Wells Fargo Rail is a division of the original Wells Fargo & Company which was bought from GE Capital Rail Services. The Wealth and Investment Management business run under the subsidiaries called Wells Fargo Investments, LLC and Wells Fargo Advisors, LLC. Wells Fargo Securities is another business of investment banking which is headquartered at Charlotte, North Carolina, United States. Artistic interests of banks reflect into their museums. The bank operates nearly 13 museums most known as a Wells Fargo History Museum. During the great recession, Wells Fargo obtained $25 billion as Emergency Economic Stabilization Fund where US Treasury purchased preferred stocks.

Revenue (in Billions of USD): 48.71

Net Profit (in Billions of USD): 12.07

Assets (in Billions of USD): 1933.01



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