The World’s Top 50 Largest Banks by Consolidated Assets...

Banks stand tall among the giants of the corporate world, and the latest data unveils fascinating trends!

A recent analysis, based on a 2023 report by S&P Global Market Intelligence, sheds light on the top 50 banks worldwide by consolidated assets.

Notably, Chinese banks continue their upward trajectory, with the four largest institutions witnessing a 4.1% growth in assets, soaring to a remarkable $19.8 trillion.

In a testament to China's financial prowess, these banks now command over a third of the total assets held by the world's largest banks.

Meanwhile, the U.S. banking sector closely follows, boasting six institutions with a combined $13.7 trillion in assets.

Diversity reigns supreme in the top 10, featuring a blend of Chinese, American, French, Japanese, and British banks.

A standout performer on the list is Swiss UBS Group AG, leaping from 34th to 20th place, driven by its $1.6 trillion asset size, further bolstered by the integration of troubled Credit Suisse Group AG.

Despite global economic challenges including inflation, interest rate hikes, and geopolitical tensions, the combined assets of the top 100 banks exceeded $111.97 trillion in 2022. https://www.visualcapitalist.c....om/the-worlds-top-50