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Thursday, March 27, 2008

World's 10 biggest banks

1) UBS AG, Zurich, Switzerland

    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 centers worldwide, UBS has offices in 50 countries. The bank had 81,557 employees on June 30, 2007. It originated in 1747, with its

    maiden branch coming up in the Swiss region of Valposchiavo.

2) Barclays PLC

    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.

3) BNP Paribas

     It was created on May 23, 2000 through the merger of Banque Nationale de Paris and Paribas. As on January 31, the bank's assets stood at $1,899.186 billion.

4) The Royal Bank of Scotland Group Plc

    Is the largest banking group in Scotland and the fifth largest in the world by market capitalisation. As on January 31, the bank's assets stood at $1,705.680 billion.

5) Credit Agricole SA

    The largest retail banking group in France and the eighth largest in the world, according to The Banker magazine. On January 31, the bank's assets stood at

     $1,663.101 billion

6) Deutsche Bank AG

    Headquartered in Frankfurt. It employs more than 78,000 people in 76 countries. As on January 31, the bank's asset stood at $1,485.008 billion.

7) 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.

8) ABN AMRO Holding NV

     evolved from the amalgamation of AMRO and ABN. As on January 31, the bank's assets stood at $1,301.508 billion.

9) Societe Generale

    One of the oldest banks in France is also one of the main European financial services companies. As on January 31, 2008, its assets stood at $1,261.657 billion.

10) 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.

 

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