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| Version 2 | Version 3 |
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| These are the best banks in the world | These are the best banks in the world |
| (35 minutes later) | |
| Which countries have the best banks? New research shows that the best investment bank in the world is American, but Japan is home to the best corporate bank and the best consumer bank is in Spain. | Which countries have the best banks? New research shows that the best investment bank in the world is American, but Japan is home to the best corporate bank and the best consumer bank is in Spain. |
| A new report by Global Finance Magazine has ranked the best global banks in 12 different categories. | A new report by Global Finance Magazine has ranked the best global banks in 12 different categories. |
| The banks were selected on their performance over the past year but also reputation and management excellence. They were then split into categories depending on their areas of excellence. | The banks were selected on their performance over the past year but also reputation and management excellence. They were then split into categories depending on their areas of excellence. |
| Global Finance Magazine talked to bankers, corporate financial executives and analysts around the world to choose the winners. | Global Finance Magazine talked to bankers, corporate financial executives and analysts around the world to choose the winners. |
| Global Finance’s publisher and editorial director, Joseph D. Giarraputo, said that recent financial events and the strong US dollar make it more important than ever for people to choose the best bank for their needs. | Global Finance’s publisher and editorial director, Joseph D. Giarraputo, said that recent financial events and the strong US dollar make it more important than ever for people to choose the best bank for their needs. |
| “With volatile global markets and a strong US dollar changing the global economic playing field, these banks are ahead of the game-continuously investing in best of breed solutions and staff to outperform their peers and provide superior service to clients,” he said. | “With volatile global markets and a strong US dollar changing the global economic playing field, these banks are ahead of the game-continuously investing in best of breed solutions and staff to outperform their peers and provide superior service to clients,” he said. |
| The winners were: | The winners were: |
| Mitsubishi UFJ Financial Market Cap: $89.08 billionCountry: JapanFounded: 2005Network: More than 1,100 offices in more than 40 countries | Mitsubishi UFJ Financial Market Cap: $89.08 billionCountry: JapanFounded: 2005Network: More than 1,100 offices in more than 40 countries |
| Banco Bilbao Vizcaya Argentaria, (BBVA)Market Cap: $56.64 billionCountry: SpainFounded: 1857Network: 8,135 branches present in 31 countriesCustomers : 51 million customers worldwide | Banco Bilbao Vizcaya Argentaria, (BBVA)Market Cap: $56.64 billionCountry: SpainFounded: 1857Network: 8,135 branches present in 31 countriesCustomers : 51 million customers worldwide |
| AlBarakaMarket Cap: $1.21 billionCountry: BahrainFounded: 2002Network: AlBaraka Bank, is a member of the “Association of Banks in Lebanon” (ABL) holding number 109 on the List of Lebanon Banks since its inception in 1992. AlBaraka Bank is a member of AlBaraka Banking Group (ABG), an Islamic group of banks with a wide geographical presence, in the form of subsidiary units and representative offices. ABG is now considered the largest Islamic Banking Group in the region. | AlBarakaMarket Cap: $1.21 billionCountry: BahrainFounded: 2002Network: AlBaraka Bank, is a member of the “Association of Banks in Lebanon” (ABL) holding number 109 on the List of Lebanon Banks since its inception in 1992. AlBaraka Bank is a member of AlBaraka Banking Group (ABG), an Islamic group of banks with a wide geographical presence, in the form of subsidiary units and representative offices. ABG is now considered the largest Islamic Banking Group in the region. |
| INGMarket Cap: $57.52 billionCountry: NetherlandsFounded: 1991Network: More than 40 countries in Europe , North America, Latin America, Asia and AustraliaCustomers: More than 33 million private, corporate and institutional customers | INGMarket Cap: $57.52 billionCountry: NetherlandsFounded: 1991Network: More than 40 countries in Europe , North America, Latin America, Asia and AustraliaCustomers: More than 33 million private, corporate and institutional customers |
| Standard BankMarket Cap: $18.09 billionCountry: South AfricaFounded: 1862 Network: The group operates in 20 African countries, including South Africa, and 21 countries outside Africa. Standard Bank has 712 branches in South Africa and 239 in the rest of Africa. | Standard BankMarket Cap: $18.09 billionCountry: South AfricaFounded: 1862 Network: The group operates in 20 African countries, including South Africa, and 21 countries outside Africa. Standard Bank has 712 branches in South Africa and 239 in the rest of Africa. |
| Deutsche Asset & Wealth Management (part of Deutsche Bank)Market Cap: $39.99 billion Country: GermanyFounded: 1870 Network: Present in 40 countries and 135 cities. Part of the Deutsche Bank group (Active in over 70 countries, the Deutsche Bank Group has 2,800 branches, over 98,000 employees and more than 30 million clients.) | Deutsche Asset & Wealth Management (part of Deutsche Bank)Market Cap: $39.99 billion Country: GermanyFounded: 1870 Network: Present in 40 countries and 135 cities. Part of the Deutsche Bank group (Active in over 70 countries, the Deutsche Bank Group has 2,800 branches, over 98,000 employees and more than 30 million clients.) |
| BNY MellonMarket Cap: $43.18 billionCountry: United StatesFounded: 2007Network: BNY Mellon operates in 35 countries in the Americas, Europe, the Middle East and Africa (EMEA) and Asia PacificCustomers: BNY Mellon's clients include 80 per cent of Fortune 500 companies. | BNY MellonMarket Cap: $43.18 billionCountry: United StatesFounded: 2007Network: BNY Mellon operates in 35 countries in the Americas, Europe, the Middle East and Africa (EMEA) and Asia PacificCustomers: BNY Mellon's clients include 80 per cent of Fortune 500 companies. |
| J.P. MorganMarket Cap: $231.36 billionCountry: United StatesFounded: 2000Network: J.P. Morgan has operations in more than 60 countries Customers: It serves 8,000 clients | J.P. MorganMarket Cap: $231.36 billionCountry: United StatesFounded: 2000Network: J.P. Morgan has operations in more than 60 countries Customers: It serves 8,000 clients |
| CitiMarket Cap: $155.76 billionCountry: United StatesFounded: 1812Network: Operate in more than 160 countriesClients: Approximately 200 million client accounts globally | CitiMarket Cap: $155.76 billionCountry: United StatesFounded: 1812Network: Operate in more than 160 countriesClients: Approximately 200 million client accounts globally |
| HSBCMarket Cap: $140.87 billionCountry: UKFounded: 1865Network: Over 72 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America and 6,100 offices worldwideCustomers: Around 48 million customers through four Global Businesses | HSBCMarket Cap: $140.87 billionCountry: UKFounded: 1865Network: Over 72 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America and 6,100 offices worldwideCustomers: Around 48 million customers through four Global Businesses |