The 10 biggest banks in the world in 2023 are listed below.
1. Industrial and Commercial Bank of China
The Industrial and Commercial Bank of China (ICBC) is the largest commercial bank in China and the world by total assets, deposits, loans, number of customers, and number of employees.
It is one of China’s “Big Four” state-owned commercial banks. It was founded in 1984 and is headquartered in Beijing. The ICBC offers a wide range of services, including corporate banking, personal banking, wealth management, financial markets, global markets, and international banking.
2. JPMorgan Chase
JPMorgan Chase Bank is a leading global financial services firm with operations in more than 60 countries.
It is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. The firm is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
3. Bank of America
Bank of America is an American multinational investment bank and financial services company headquartered in Charlotte, North Carolina. It is the second-largest bank in the United States by assets and the third-largest bank in the world, after the Industrial and Commercial Bank of China and JP Morgan Chase.
Bank of America offers a wide range of banking, investing, asset management, and other financial and risk management products and services. It is a member of the Federal Reserve System and a leading provider of consumer, small business, and commercial banking services.
Citigroup Bank is a global banking and financial services company. It is the fourth-largest bank in the United States and has operations in more than 160 countries.
Citigroup provides a range of products and services, including consumer banking, corporate banking, investments, capital markets, and wealth management.
5. Wells Fargo
Wells Fargo Bank is a financial services company that offers a wide range of banking, insurance, investment, and other financial services to individuals, businesses, and institutions.
Wells Fargo Bank operates more than 8,000 banking stores and 12,000 ATMs across the United States. It is one of the largest banks in the world and has been in operation since 1852.
6. HSBC Holdings
HSBC Holdings Bank is a global banking and financial services company headquartered in London, England. It is one of the world’s largest banking and financial services organizations, with operations in more than 64 countries and territories.
HSBC offers a wide range of banking services, including retail and investment banking, wealth management, commercial banking, and global banking. It also provides investment and insurance services, as well as international banking and foreign exchange services.
UBS Bank is a global financial services firm headquartered in Zurich, Switzerland. It is one of the world’s largest banks, with over CHF 2.3 trillion in assets under management.
UBS offers a wide range of banking services, including investment banking, asset management, wealth management, private banking, and retail banking. It also provides a range of services related to corporate and institutional clients.
8. Goldman Sachs
Goldman Sachs Bank USA is a national bank chartered and supervised by the Office of the Comptroller of Currency. It is a member of the Federal Deposit Insurance Corporation (FDIC) and provides consumer and commercial banking services in the United States.
The bank also provides a range of financial services including investment banking, securities, asset management, private banking, and wealth management.
9. BNP Paribas
BNP Paribas is a French international banking group. It is the world’s 8th largest bank by total assets and one of the three largest banks in the Eurozone.
It was founded in 1848 and is headquartered in Paris. BNP Paribas offers a range of services including retail banking, corporate banking, private banking, asset management, and insurance.
Barclays Bank is a multinational investment bank and financial services company headquartered in London, England.
It is one of the largest banks in the United Kingdom. It operates in over 50 countries and has over 48 million customers. Barclays Bank offers a range of services, including corporate banking, retail banking, wealth management, credit cards, and investment banking.