Best Banks

When considering what bank to do business with, it is9. BNP Paribas -- 835 billion
helpful to know which banks are the market leaders.10. Mitsubishi Tokyo Financial Group -- 832 billion
Market leaders in the banking world can beThe list below ranks the top ten bank holding
distinguished by the amount of tier-one capital, thecompanies in the world ranked by profit in 2003 (U.S.
amount of assets, the amount of profit, and theDollars):
amount of deposits. The following lists display this1. Citigroup -- 20 billion
information, for the benefit of the consumer and/or2. Bank of America -- 15 billion
businessperson.3. HSBC -- 10 billion
The first list, below, represents the top ten banking4. Royal Bank of Scotland -- 8 billion
groups in the world ranked by tier-one capital in 20045. Wells Fargo -- 7 billion
(U.S. Dollars):6. JP Morgan Chase -- 7 billion
1. Citigroup -- 73 billion7. UBS AG -- 6 billion
2. JP Morgan Chase -- 69 billion8. Wachovia -- 5 billion
3. HSBC -- 67 billion9. Morgan Stanley -- 5 billion
4. Bank of America -- 64 billion10. Merrill Lynch -- 4 billion
5. Credit Agricole Group -- 63 billionThe following list displays the top nine bank holding
6. Royal Bank of Scotland -- 43 billioncompanies in the U.S. ranked by deposits as of June
7. Mitsubishi Tokyo Financial Group -- 40 billion30, 2004. These are U.S. deposits only.
8. Mizuho Financial Group -- 39 billion1. Bank of America Corp. -- 526 billion
9. HBOS -- 36 billion2. Wells Fargo & Co. -- 256 billion
10. BNP Paribas -- 35 billion3. Wachovia Corp. -- 238 billion
The next list, below, shows the top ten banking4. J.P. Morgan Chase & Co. -- 377 billion
groups in the world ranked by assets in 2003 (U.S.5. Citigroup Inc. -- 193 billion
Dollars):6. U.S. Bancorp -- 112 billion
1. Mizuho Financial Group -- 1,265 billion7. SunTrust Banks, Inc. -- 78 billion
2. Citigroup -- 1,097 billion8. BB&T Corporation -- 67 billion
3. Allianz -- 1,002 billion9. National City Corp. -- 64 billion
4. UBS -- 907 billionThe consumer and/or businessperson would be
5. Sumitomo Mitsui Financial Group -- 903 billionwell-advised to take such rankings into consideration
6. Deutsche Bank -- 892 billionwhen deciding which financial institution, among many,
7. Fannie Mae -- 888 billionhe or she should establish a banking relationship with.
8. ING Group -- 843 billion