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These are the 23 biggest global banks — all with more than $1 trillion of assets

These are the 23 biggest global banks — all with more than $1 trillion of assets

Postal Savings Bank of ChinaLONDON – S&P Global Intelligence on Friday released its annual ranking of the world's biggest banks by assets, with Chinese banks dominating the list, followed by US lenders, and then European banks.

In total, S&P Global included 23 banks across the world with over $1 trillion in assets across Asia, North America, and Europe.

"China's largest banks kept growing in 2016, but the currency turmoil unleashed by Brexit battered European companies in S&P Global Market Intelligence's latest global bank rankings," S&P Global's report said.

Banks with big retail operations dominate the list, meaning investment banking giants including Goldman Sachs and Morgan Stanley miss out on the top 23, ranking 32nd and 37th overall.

European banks had a tough year on S&P's list in 2016, thanks largely to depreciations in both the euro and the pound, which decreased the relative size of their total assets piles.

However, nine still remained with total assets of more than $1 trillion, including four French banks, three based in the UK, one in Spain, and one in Germany. That compared to six in China, four in the US and four in Japan.

Check out the world's biggest banks below.

23. Lloyds Banking Group, UK — $1.01 trillion



22. Postal Savings Bank of China, China — $1.19 trillion



21. Bank of Communications, China — $1.21 trillion



See the rest of the story at Business Insider

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