Which country has the most banks?
Based on a comparison of 148 countries in 2022, USA ranked the highest in number of banks with 4,200 banks followed by Russia and United Kingdom.
Total assets of banking sector in select countries worldwide 2022. In 2022, China had the largest banking sector, with financial assets worth more than 47 trillion U.S. dollars.
| Countries | Banking system z-scores, 2021 | Global rank |
|---|---|---|
| Luxembourg | 51.67 | 1 |
| Jordan | 50.11 | 2 |
| New Zealand | 44.78 | 3 |
| Morocco | 42.4 | 4 |
To protect their communities, many states passed legislation requiring banks to operate out of only one building—thus creating community banks. The new law led to the existence of over 30,000 banks in the US during the 1920s.
| Rank | Country | Number |
|---|---|---|
| 1 | China | 20 |
| 2 | United States | 11 |
| 3 | Japan | 8 |
| 4 | Germany | 7 |
The United States-based JPMorgan Chase & Co is the world's leading bank by market cap.
Chase is the largest bank in the country, holding over $3.38 trillion in assets. Bank of America is the second-largest bank with over $2.45 trillion in assets. Wells Fargo is the third-largest bank, holding over $1.7 trillion in assets.
What Is the Richest Bank in America? JPMorgan Chase is the richest bank in the U.S., based on Federal Reserve data for consolidated assets.
If you're interested in Europe, Germany is one of the most secure destinations for your money with its economic strength and stability. In fact, Four German banks were ranked as the top ten safest banks in the world in 2023. Germany's robust remote banking system allows you to open an account without being present.
Switzerland has a long history and strong reputation of providing safe offshore private banking. However, jurisdictions like the Cayman Islands, Singapore, Germany, Gibraltar, Germany and Belize are also very safe options for offshore banking.
What bank is in the most US states?
- ATMs: More than 15,000.
- Branches: More than 4,700 in 49 states and Washington, D.C.; no branches in Alaska.
- Learn more: Chase review.
The Office of the Comptroller of the Currency (OCC) is an independent bureau of the U.S. Department of the Treasury. The OCC charters, regulates, and supervises all national banks, federal savings associations, and federal branches and agencies of foreign banks.
| Year | Locations | Total Commercial Banks (Total Insured) |
|---|---|---|
| 2021 | United States & Other Areas | 4,238 |
| 2020 | United States & Other Areas | 4,379 |
| 2019 | United States & Other Areas | 4,526 |
| 2018 | United States & Other Areas | 4,717 |
Most often associated with banking in Switzerland, banking secrecy is prevalent in Luxembourg, Monaco, Hong Kong, Singapore, Ireland, and Lebanon, among other off-shore banking institutions. Switzerland is known for its bank secrecy and strict bank–client confidentiality.
As of 2023, the world's biggest private bank in terms of assets under management (AUM) is UBS Group AG. UBS, a Swiss multinational investment bank and financial services company, is renowned for its extensive services in wealth management, investment banking, asset management, and retail banking.
No, opening an offshore bank account isn't illegal — in fact, pretty much anyone can do it. However, offshore banking often gets a bad rap. That's because some people use foreign bank accounts for money laundering or tax evasion, which are both definitely illegal.
- First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
- Huntington Bancshares (HBAN) . Above average capital risk.
- KeyCorp (KEY) . Above average capital risk.
- Comerica (CMA) . ...
- Truist Financial (TFC) . ...
- Cullen/Frost Bankers (CFR) . ...
- Zions Bancorporation (ZION) .
| Ranking | Bank | Country/Region |
|---|---|---|
| World's best corporate bank | JPMorgan Chase | United States |
| World's best consumer bank | CaixaBank | Spain |
| World's best emerging markets bank | HSBC | United Kingdom |
| World's best frontier markets bank | Société Générale | France |
JPMorgan Chase Bank
New York-based JPMorgan Chase Bank tops the Federal Reserve's list of largest banks by consolidated assets owned at $3.40 trillion, of which $2.65 trillion represents assets owned domestically.
| Rank | Bank name | Headquarters location |
|---|---|---|
| 1 | JPMorgan Chase | New York City |
| 2 | Bank of America | Charlotte, North Carolina |
| 3 | Citigroup | New York City |
| 4 | Wells Fargo | San Francisco, California |
Which bank is the most stable?
| Bank | Forbes Advisor Rating | Learn More |
|---|---|---|
| Chase Bank | 5.0 | Learn More Read Our Full Review |
| Bank of America | 4.2 | |
| Wells Fargo Bank | 4.0 | Learn More Read Our Full Review |
| Citi® | 4.0 |
The organizations that make up the World Bank Group are owned by the governments of member nations, which have the ultimate decision-making power within the organizations on all matters, including policy, financial or membership issues.
What bank operates in all 50 states? No bank currently operates a branch location in all 50 states, though several of the nation's largest institutions come close.
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with $2.6 trillion in assets and operations worldwide.
Vanguard is the largest U.S. Bancorp shareholder, with 8.77% ownership while Blackrock owns 7.30%. Their total institutional holdings are valued at $5.15 billion and $4.29 billion, respectively. Meanwhile, here are the other institutional investors with more than 2% ownership of U.S. Bancorp. State Street Corp.
