deleted
---------- Post added at 10:06 PM ---------- Previous post was at 10:03 PM ----------
It is for sure ... no doubt
Like American's banks are far superior and healthier than the Chinese ones
Just few years ago, American bankers often said that most Chinese banks were in trouble. Today, so many American big banks were gone. Four out of five top banks in the world are Chinese banks. I believe Chinese banks are number one, two, three and five.
Sorry, three out of top five!
The list below shows the largest banks in the world based on market capitalization as of January 20, 2012. Industrial & Commercial Bank of China (ICBC) is the largest bank in the world by market capitalization value.
Chinese banks occupy the top positions. The People’s Republic now has 4 of the top 7 banks, including the top 2.
Rank
Bank
Country
Market cap ($b, 20/1/2012)
1. Industrial & Commercial Bank of China (ICBC) China = 240.95
2. China Construction Bank, China = 195.85
3. Wells Fargo & Co, US = 160.72
4. HSBC Holdings, UK = 150.90
5. Agricultural Bank of China, China = 141.73
6. JP Morgan Chase, US = 140.95
7. Bank of China. China = 128.80
8. Itau Unibanco, Brazil = 88.17
9. Citigroup, US = 86.67
10. Commonwealth, Australia = 82.62
11. Royal Bank Canada, Canada = 76.56
12. Bank of America, US = 71.77
13. Toronto-Dominion Bank, Canada = 70.53
14. Banco Santander, Spain = 67.32