The Ten Largest Banks In The World 2014
BANGALORE: Banking, in its modern sense, evolved in the 14th century in the rich cities of Renaissance Italy. In many ways, it was a continuation of ideas and concepts of credit and lending that had its roots in the ancient world. Money, wealth, assets are the things which make people rich. When you deposit your wealth in a bank, the banks become rich too. Here is a list of 10 richest banks in the world, as compiled by The Richest.
#1.Wells Fargo
Market Cap: $261.72 Billion
Wells Fargo & Company is an American multinational banking and financial services holding company which is headquartered in San Francisco, California. It is the fourth largest bank in the U.S. by assets and the largest bank by market capitalization which is $261.72 billion. Wells Fargo is the second largest bank in deposits, home mortgage servicing, and debit cards.
#2.JPMorgan Chase
Market Cap: $229.90 Billion
JPMorgan Chase & Co is an American multinational banking and financial services holding company. It is the largest bank in the United States and the sixth largest in the world. JPMorgan handles investments, asset, and wealth management, among other services, while Chase also handles credit cards and retail banking. The company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co. The company’s market capitalization is $229.90 billion.