A bank is a place that will lend you money if you can prove you don't need it, said
The Bankersalmanac.com ranks the world's largest banks by total assets in US dolalrs. By the way, according to Bankersalmanac.com, Citibank NA is the world's 16th largest bank. So which are the top 10? Read on to find out:
UBS AG ,
UBS AG is the world's biggest manager of other people's money. The bank's asset stood at $1,963.227 billion as in January 2008.
Present in major financial centres worldwide, UBS has offices in 50 countries. The bank had 81,557 employees on
The new UBS evolved out of a merger of the Union Bank of
Marcel Opel is the bank's chairman of the board of directors, its executive vice chairman is Marco Suter, and the group CEO is Marcel Rohner. The bank's main competitors are Deutsche Bank, Citigroup, Morgan Stanley, Credit Suisse etc.
Barclays PLC is a major bank operating in
The bank has registered assets worth $1,951.041 billion. It is also the sponsor of the English Premier League. Forbes Global 2000 ranked Barclays PLC as the 18th largest company in the world in 2007.
The bank's roots can be traced back to 1690 in
Barclays being a member of the global ATM Alliance, its customers can use ATMs of other banks free of charge.
BNP Paribas is a major European bank. It was created on
It's history can be traced back to 1869, when a group of bankers and investors, including Adrien Delahante, Edmond Joubert and Henri Cernuschi, founded the Banque de Paris.
The bank employs 162,700 people and operates in 87 countries. The bank is active in the finance, investment and asset management markets
The Royal Bank of Scotland Group Plc,
The bank originated from the Equivalent Society set up by investors in the bankrupt Company of Scotland. The Society was formed to protect the compensation the investors received as part of the arrangements of the 1707 Acts of Union.
Controversy has dogged the bank off and on. It has been infamously dubbed 'Oil Bank of
In 2001, the bank received threats for having financed animal testing company Huntingdon Life Sciences. As a direct fallout of this, RBS withdrew the company's overdraft facility.
Credit Agricole SA is the largest retail banking group in
Through its subsidiaries, Credit Agricole SA is involved in the following services:
· Retail banking
· International retail banking
· Specialised financial services
· Asset management, insurance and private banking
· Corporate and investment Banking
The banks' varied activities are supervised by Rene Carron, the bank's chairman.
Deutsche Bank AG is headquartered in
Deutsche Bank was founded in
The Bank of Tokyo-Mitsubishi UFJ Ltd came into being with the merger of The Bank of Tokyo-Mitsubishi, Limited and UFJ Bank Limited. As on January 31, the bank's assets stood at $1,362.598 billion.
The bank, through its several subsidiaries, performs the following activities: commercial banking, trust banking, securities dealing, leasing, venture capital deals, factoring, research and consulting, securities custody service, etc.
The bank's CEO is Nobuo Kuroyanagi.
ABN AMRO Holding NV,
The bank created history when the Royal Bank of Scotland Group, Fortis and Banco Santander announced on
Mark Fisher from RBS took over as the bank's CEO. Since then, Fortis has been using the ABN AMRO brand name for retail banking in the
Societe Generale, one of the oldest banks in
It is headquartered in
Bank of America was formed after the consolidation of quite a few historical banks, the most prominent of those being the Bank of Italy. On January 31, the bank's assets stood at $1,196.124 billion.
In 1958, the bank introduced the BankAmericard, which changed its name to VISA in 1977. A consortium of other
Bank of America has divisions in US,
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