BloggerStop.Net: World's 10 Biggest Banks

While many banks are now facing the financial crisis, and some have even declared bankruptcy, so let's see what all banks are left with their billions of dollars of worth, may they not enter into this list of melting down financial institutes.
According to Bankersalmanac.com, Citibank NA is the world's 16th largest bank. So find out which are the top 10:

UBS AG , Zurich, Switzerland

UBS AG is the world's biggest manager of other people's money. The bank's asset stood at $1,963.227 billion as in January 2008.

Present in major financial centres worldwide, UBS has offices in 50 countries. The bank had 81,557 employees on June 30, 2007. It originated in 1747, with its maiden branch coming up in the Swiss region of Valposchiavo. The new UBS evolved out of a merger of the Union Bank of Switzerland and the Swiss Bank Corporation in June 1998.

Barclays PLC is a major bank operating in Europe, the United States, West Asia, Latin America, Australia, Asia and Africa. It operates through its subsidiary Barclays Bank PLC.

The bank has registered assets worth $1,951.041 billion. It is also the sponsor of the English Premier League. Forbes Global 2000 ranked Barclays PLC as the 18th largest company in the world in 2007.

BNP Paribas

It is one of the main banks in Europe. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas. It employs 162,700 people, of which 80,000 work in Europe, and maintains a presence in 87 countries, with a Gross Operating Income of €2,665 mn.

The Royal Bank of Scotland Group Plc,

It includes The Royal Bank of Scotland Plc founded in 1727 by a Royal Charter of King George I, National Westminster Bank Plc in England and Wales and Ulster Bank Limited in Ireland.

After previous denials following press coverage, on the 22 April 2008 RBS announced a rights issue which aimed to raise £12billion in new capital to offset a writedown of £5.9billion resulting from the bad investments and to shore up its reserves following the purchase of ABN-Amro. This is the largest rights issue in British corporate history.

Despite this fundraising and amid the worsening of the 2008 Global Financial Crisis, on the 13 October 2008, British Prime Minister Gordon Brown announced a UK Government bailout of the financial system.

Credit Agricole SA

It is the largest retail banking group in France, second largest in Europe and the eighth largest in the world by Tier 1 capital according to The Banker magazine. On January 31, the bank's assets stood at $1,663.101 billion.

Deutsche Bank AG

It is an international Universal bank with a broad private clients franchise, headquartered in Frankfurt, Germany. The bank employs more than 78,000 people in 76 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets. As on January 31, the bank's asset stood at $1,485.008 billion.

The Bank of Tokyo-Mitsubishi UFJ Ltd

is a Japanese bank that was established on January 1, 2006, with the merger of The Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Limited. The bank serves as the core retail and commercial banking unit of the Mitsubishi UFJ Financial Group, Japan's largest financial services company measured by assets. As on January 31, the bank's assets stood at $1,362.598 billion.

ABN AMRO Holding NV

Between 1991 and 2007, ABN AMRO was one of the largest banks in Europe and had operations in about 63 countries around the world. In 2007 the bank was acquired by the consortium,[4] which is splitting up the bank between the three acquiring banks. This process will take till the end of 2009. As on January 31, the bank's assets stood at $1,301.508 billion.

Societe Generale

It is one of the main European financial services companies and also maintains extensive activities in others parts of the world. It is headquartered in France with the main head office in Tours Société Générale in the business district of La Défense west of Paris. It employs 120,000 people, of which 75,000 in Europe, and maintains a presence in 80 countries. As on January 31, 2008, its assets stood at $1,261.657 billion.

Bank of America

It is the largest bank by asset and second largest commercial bank by deposits and market capitalization in United States. As on January 31, 2008, its assets stood at $1,261.657 billion.