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
