I believe it must be a joke saying that Citi bank is in 16th position and no news about HSBC. Dont make us fool as we know what is true. IF you want to know the correct figures then I am pretty sure there are many banks in the list not even will come in top 20. Take it as SocGen, a bank which is suffering $12.4 billion loss in internal trading by their own employee, who got 6 years prisonment. After then, HSBC was trying to acquire this bank with $108 billion bid. It didnt happen because France govt. didnt allow foreign players to participate or else things would ve been different, now it is selling it's CMP equities in the market 20% lower than it's listed price in the DAX 40 to aspire some urgent cash due to their huge cash shortage. And, UBS who already write down it's $18.4 billion subprime losses and hiding correct information to their investors, and European Union doing investigation into this, that was the main reason why this bank was not allowed by RBI to enter into Indian market and invest in various sectors. If I will write then it will go on and on. These are the craps saying Citi bank is in 16th position and HSBC who got $24.42 billion profit in Gross ($19.36 billion net profit in 2007 financial year) is no where..where all these banks are showing year end losses in billions.
Check out in Forbes.com, FT.com (Financial Times)or Bloomberg the real market leaders in financial information provider not that Bankersalmanac.com.. It's really a joke..ha ha
RE:ABN AMRO and Barclays
by surya das on Mar 31, 2008 09:44 PM Permalink
Dear not Barclays..it was combined by 3 banks RBS (2nd biggest bank in UK after HSBC, Fortis (2nd largest bank in Netherland after ABN Amro and Banco Santanda (largest bank in Spain). It was an over all USD$91.75 billion take over bid by these 3 banks 12% more than Barclays's intial bid.
And, you all to know that these are the list given by Bankersalmanac.com is not a reputed data provider in the world market so as Rediff. The best and true figure if you want to know then visit Forbes.com, FT.com or Bloomberg the market leaders in data provide with proper analysis.
These are the dubious reports provided by an unknowingly website and finally showing by Rediff what a combination..ha ha
RE:RE:where is iCICI Bank
by maddirala Venkataiah on Apr 03, 2008 03:00 PM Permalink
Your Bank operate the Bank Account Please details My name is M.C. Venkataiah,13-6-696, M.G. Colany, Anantapur (Dt), Andhra Pradesh Mobile 9391195379
Here you go to know the World's top ten banks by market value.
No.1 Citi Bank, US (largest bank in US, so as in the world) No.2 Bank Of America (BOA), US (2nd biggest bank in US) No.3 HSBC, UK (largest bank in UK, and Europe by market value)(No.3 in 3rd Qtr'07, at present No.1 in the world with Gross profit of USD$24.42 billion for 2007 financial year) No.4 UBS, SWZ (largest bank in SWZ,and in Europe by asset) No.5 Credit Sussie (CSFB, SWZ)(2nd largest bank in SWZ) No.6 RBS, Scotland, UK (2nd largest bank in UK) No.7 Deutche Bank, Germany (largest bank in Germany) No.8 BNP Paribas (largest bank in France) No.9 Barclays, UK (3rd largest bank in UK) No.10 Bank of Tokyo, Japan (Asia's largest bank)
In 2007, where major banks and broking firms were struggling in Sub-prime crisis. Here are datas of losses for them as well. (All are in USD)
Citi Bank (write down by 23.8 Billion) UBS (write down by 18 billion) HSBC (17 billion bad loan) Credit Sussie (nearly 13 billion, yet to reveal actual losses) Societe Generale, France (2nd largest bank in France) (10.4 billion due to internal trading fraud in future commodities by one of their own employee) Got 6 years prison for this illegal trade creating dummy trading accounts. BOA, (write down nearly 6 billion) Morgan Stanley largest broking house in US(nearly 4 billion) and list is going on and on.. Everybody knows about Bear Stern ,6th largest broking house hammered by subprime losses and now acquired by Morgan S
RE:Top Ten Banks - By Market Value
by RAHUL MAGAN on Mar 31, 2008 01:25 AM Permalink
Making the top 10 banks does not making the sense because the Financial Valuationin their forecasting structure are so poor and that is making them 0 , Subprime is the latest story if u are thinking is is the only wrong that happened and close you are mistaken . u r yet to see the subprime toll on Financial Markets, so make the Valuation more accurate than the advt in the mkt.
RE:Top Ten Banks - By Market Value
by zyklon on Apr 01, 2008 09:20 AM Permalink
Bear Sterns was acquired by JP Morgan Chase..Not Morgan Stanley..Also Morgant Stanley is not the largerst broking house in US. It is goldman sachs..Dude, u work for MS ?
RE:Top Ten Banks - By Market Value
by surya das on Apr 04, 2008 10:49 PM Permalink
Mr. Zyklon,I am wrong to say that it was Morgan Stanley took over BearStern, actually it is JP Morgan. But, for your information Merrill Lynch & Co. is not only US but also world's largest brokerage house. Check out FT.com or Bloomberg.com.. the real leaders in financial data provider.
And, I am not working in MS..I am working for world's largest bank by market value.
RE:Top Ten Banks - By Market Value
by Ravan Raj on Mar 30, 2008 03:41 PM Permalink
These are the only initial results final result has yet to come.as US recession almost confirmed.No bank can escape from the crisis.Bcaz they only created this situation.
The article is very useful for the economists and academicians and also to the student community-especially research scholars.However, it could have been more effective had it given the core details like employees strength,number of branches/offices etc.. for all the 10 banks instead of for mere 3 banks.It dispels the widely held belief of taking the Bank of America as the number one by the general public and brings out certain interesting factors about genesis,evolution and transformation etc. of some banks.The origin of VISA and Master Cards is also made known to the readers.It is surprising to note that,of all the ten big banks,except for the Bank of Tokyo and Bank of America(BOA), rest of eight are from Europe.It appears that BOA would not have been able to be in the race had its capital base been not strengthened by the erstwhile Bank of Italy's merger.Though wonder struck for a while,I could sense the mystery behind a Swiss Bank's emerging as the biggest of all which could be rightly traced,most probably,to their secrecy policy which insulates the exposition of the source of deposits.Needless to say,the huge amounts of illegal/illicit/illgotten black monies earned or acquired by corrupt,criminal or any other type of shady characters would only flow to such banks.And those who want their funds to be safe also wish their banks to be safe with solid capital base towards which they naturally subscribe more and more. How banks channelise such deposits legally?
RE:Ridiculous
by Chris on Mar 30, 2008 06:31 PM Permalink
C'mon - the ranking has not been specified by number of branches - but by the deposits that they have - and its true. By the way SBI has the max no of branches and deposits in India.
