0: The majority of the world's banks' success and wealth can be credited to how well their

4: economy is doing, as well as other factors.

7: If you don't know much about banking and are curious about the world's largest banks, then

12: this video is for you!

13: Welcome to “Planet Lux'' and in this video, we'll take a look at the largest banks in

17: the world, determined and ranked by total assets.

21: Number 11 - Citigroup, Inc.

23: Citigroup, Inc. is a multinational investment bank based in the United States.

28: The institution's headquarters are in New York City, New York.

32: Citicorp merged with Traveler's Group, a major financial conglomerate.

36: The merger occurred in 1998, resulting in the formation of Citigroup, Inc, an investment

43: bank and financial services corporation.

45: Citigroup is the parent company that owns Citicorp, the Citibank holding company, as

50: well as a number of different international subsidiary institutions.

54: Citigroup, Inc. is the world's eleventh wealthiest bank as of June 2021.

59: Number 10 - Crédit Agricole Group Crédit Agricole Group, a French-owned bank

64: and one of France's largest companies, is the world's tenth largest bank.

69: It is the world's largest cooperative financial institution and, in 1990, it was transformed

75: into an international full-service banking group.

78: This is one of the world's richest banks, and it began as a bank that served the farming

83: business.

84: It is still considered a notable institution in banking history because it was the world's

89: largest cooperative financial institution.

91: This included thirty-nine Crédit Agricole regional banks as well as a large network

96: of local banks.

98: Its headquarters are in Montrouge, France, and it serves customers all over the world.

103: The bank controls a significant portion of the French banking system and is well-known

107: for its working historical ties to the agricultural industry.

111: According to latest data, Crédit Agricole has a total asset balance of around $2.13

117: trillion USD.

119: Number 09 - Bank Of America Bank of America is the second-largest banking

124: organization in the United States, with $2.35 trillion in assets.

129: It handles commercial banking, wealth management, and investment banking and services about

135: 10.73 percent of all American bank deposits.

139: Bank of America, founded in 1784 and headquartered in Charlotte, North Carolina, now serves clients

146: all over the world through over 5,000 financial retail locations.

151: Bank of America is also one of the largest corporations in the United States, with over

156: 208,000 employees.

158: It purchased Merrill Lynch in 2008, making it the world's largest wealth manager.

164: According to recent data, Bank of America has an approximate current total asset balance

169: of $2.35 trillion.

172: Number 08 - BNP Parabis BNP Paribas, a French worldwide financial

178: corporation, is next on the list.

179: It is currently the world's eighth-largest bank in terms of total assets, and it operates

184: in 77 countries.

186: In the year 2000, Banque Nationale de Paris and Paribas merged to become the bank.

192: Its origins are thought to stretch back to 1848, when the bank was first established.

198: BNP Paribas, headquartered in Paris, France, employs approximately 190,000 employees and

205: generates the vast bulk of its annual revenue from daily client accounts.

210: Number 07 - HSBC Holdings PLC HSBC Holdings PLC is an international investment

217: bank and financial holding company based in the United Kingdom.

221: By 2018, it was regarded as the world's seventh-biggest bank and the largest in Europe.

227: The bank has over a thousand locations and eighty offices in the United Kingdom, as well

232: as four hundred and sixty in the United States.

235: HSBC has approximately four million customers globally and provides private banking, corporate

242: finance, retail and commercial banking.

244: It is based in London, England, and employs about 235,000 people.

250: HSBC is present in around sixty-five countries and is listed on both the London Stock Exchange

256: and the Hong Kong Stock Exchange.

258: By the way, if you are watching us for the first time, make sure to hit that subscribe

261: button and turn on notifications so you can enjoy our future videos while getting updated.

266: Getting back to the topic, Number 06 - JPMorgan Chase & Co

270: JPMorgan Chase & Co is a financial services holding corporation and international investment

276: bank that is the largest bank in the United States and the sixth-largest in the world.

281: They are involved in asset management, investment services, wealth management, and securities,

287: and provide goods to clients in over 100 countries.

290: JPMorgan Chase & Co. was formed in 2000 as a result of the merger of three huge banks,

297: and it is currently one of the most costly firms in the world.

301: JPMorgan Chase & Co, headquartered in Manhattan, New York City, is currently one of the world's

306: largest investment firms.

308: The bank is known as "Chase" for retail and credit card purposes.

313: Number 05 - Mitsubishi UFJ Financial Group Mitsubishi UFJ Financial Group is ranked fifth

319: on our ranking of the world's largest banks.

322: It is Japan's largest bank holding financial group and the world's fifth-largest bank,

328: with total assets of $2.81 trillion dollars.

332: It is one of the primary subsidiaries of the Mitsubishi Corporation and provides a wide

337: range of services to its customers, including commercial banking, asset management, trust

342: banking, and international finance.

345: The bank was formed in 2005 as a result of a merger between two of Japan's largest banks,

351: Mitsubishi Tokyo Financial Group and UFJ Holdings.

354: Its current headquarters are in Osaka, and it employs about 106,000 people.

360: Number 04 - Bank of China The Bank of China is the next Asian bank on

364: our list and the first of the "Big Four."

367: It is one of China's four largest state-owned commercial banks and was created in 1912 by

373: the republican government, making it the country's oldest bank.

376: It is based in Beijing, China, and employs around 310,000 people across the globe, with

383: offices in over twenty countries.

385: Investment banking, insurance and investing, personal loans, credit cards, mortgages, and

390: asset and liability management are all services provided by the bank.

395: The Chinese government owns over 70% of the corporation, with assets worth slightly more

401: than $3 trillion.

404: Number 03 - Agricultural Bank of China AgBank, the third largest bank in the world

409: and one of the ten largest corporations in the world, is the next of China's "Big Four"

415: banks.

416: Agbank, which was founded in 1951, has branches in several of the world's major cities, including

422: Seoul, Tokyo, Singapore, Sydney, New York, and London.

426: It is headquartered in Beijing and employs approximately 444,000 people.

432: It is wholly owned by the government.

434: It has 320 million retail customers and 2.7 million corporate clients worldwide, who are

441: served by one of its 24,000 branches.

444: AgBank went public in 2010, becoming the world's largest IPO at the time, which has since been

450: surpassed by Alibaba.

452: According to the most recent data, the bank's approximate assets are in the $3.2 trillion

458: range.

459: Number 02 - China Construction Bank Corporation China Construction Bank Corporation is the

464: world's second-largest bank.

466: The third of our list's "Big Four," CCB, as it's sometimes shortened, has roughly 13,629

474: domestic branches and international branches in Frankfurt, Barcelona, Luxembourg, Hong

479: Kong, New York, Seoul, and several other important cities.

484: CCB, headquartered in Beijing's Xicheng area, employs about 333,000 employees and provides

491: both corporate and personal banking services.

494: Credit cards, personal loans, deposits, and wealth management are some of the personal

499: services they provide.

500: Credit, company e-banking, loans, commercial loans, and credit lines are available on the

506: commercial side.

507: According to the most recent data, the total assets of CCB are roughly $3.3 trillion.

514: Number 01 - Industrial & Commercial Bank Of China

517: Industrial & Commercial Bank of China is the world's largest bank, as well as the largest

522: bank in China and the largest of China's "Big Four."

525: ICBC, as it is commonly known, absolutely leads the rest of the world's largest banks

531: in terms of total assets, customers, workers, loans, and deposits.

535: The state-owned bank was created in 1984 as a limited company and has grown to be the

542: world's largest public company in terms of assets.

545: It is headquartered in Beijing, China, and employs 460,000 people across Asia, Europe,

551: America, and Oceania.

553: The 70 percent government-owned corporation ranks first overall in "The Bankers Top 1000

560: World Banks rating" and first among the world's largest public companies on the Forbes Global

565: 2000 list.

566: According to the most recent data, the ICB's total assets are estimated to be in the $4.2

573: trillion dollar range.

574: And with that being said, it's time to end our video.

577: Does your bank make it to our list?

579: Let us know in the comments.

580: Like this video and make sure to subscribe to the channel for more amazing videos like

585: this.

586: We'll see you in the next video.