BNP Paribas (BNP) is the largest bank in the world with respect to assets. They have $3.21 trillion in assets. They also maintain branches in 84 different countries. The second largest is the Royal Bank of Scotland Group (RBS) which has 2.99 trillion in assets. The largest US bank is Bank of America (BAC) which is 7th largest in the world.
JP Morgan is the largest bank in the world, contrary to European headlines. European banks use a different method of reporting assets than do banks in the U.S., and when we apply the Euro method to JP Morgan, it is the largest bank in the world. Don’t believe everything you read!
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