what crap..I worked in Bank of America HQ. It is in Charlotte, North Carolina..Not NYC as it states above. The top 10 list is dubious. They have mixed them by fund managing and assets. The biggest bank in the world by market cap is HSBC.
RE:Bank of america head quaters not in NYC
by M Kisan on Mar 29, 2008 02:47 AM Permalink
Dear Banker, What is the difference between market cap of a bank and assets of a bank (ie banks managing of other people's money)? Please tell us.
RE:Bank of america head quaters not in NYC
by Gautam Bothra on Mar 29, 2008 10:29 AM Permalink
True. Market cap is not a real measure of bank's size but deposits are. Market cap is CMP of equity.
RE:dena bank
by Shesh Lak on Mar 30, 2008 01:42 AM Permalink
Dena bank is there where they believe not in paying (De == Pay , Na == no). So it is more of lena bank (Lena == take ) . hehehehe
RE:dena bank
by SUDESHKUMAR DJV on Mar 30, 2008 12:59 PM Permalink
oh...really yaar...u made me laugh so loudly...my collegues suddenly started staring at me.....great imagination and nice timely joke...Good day Sudesh / Indore
RE:World's largest Banks
by Harikumar Varma on Mar 28, 2008 01:13 PM Permalink
Just becoz US dollar became much cheaper as against Pound and Euro...and also, the market cap of most American banks shrunk substantially in recent times due to the mortgage woes
u should be kidding by giving 10th place to Bank of America...Some european banks are nowhere in top 10 other than deutsche and that swiss bank.. other banks are too small to be listed compared to some and japanese banks...c'mon rediff
RE:joke
by Albert Pinto on Mar 28, 2008 11:04 AM Permalink
Huh? How do you say that? The top 10 list has traditionally been dominated by European and Japanese banks. The article itself says Citigroup is listed at no. 16 and presumably, HSBC is even lower.
RE:HSBC?
by zyklon on Mar 28, 2008 06:25 PM Permalink
haha..Yes HSBC is the biggest bank in the world by market cap and assets.. UBS is an investment banker and largest fund manager.This is rediff's dubiour top 10 list.
this typr of articles are not quite interesting. Maybe rediff should tell us abt worlds largest weapon manufacturing companies or largest or probably film producing companies or condom making companies :-)
