US and Chinese banks lead the way for market capitalisation: GlobalData

Pedro Gonçalves
clock • 2 min read

The world's top 10 banks by market capitalisation are all American or Chinese according to the latest figures from GlobalData. JP Morgan ($415.1bn) and Bank of America ($298.2bn) lead the table, with ICBC (Industrial and Commercial Bank of China) coming in at number 3. HSBC is ranked at number 8 but even as it is headquartered in London, most of its profits comes from Asia.  Outside of the top ten and also not from America or China is the Royal Bank of Canada, coming in at number 11, with a market cap of $114.9bn. The UK's Lloyds Banking Group moves from the 37th largest bank by va...

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