I have some added concern with notion that US Capital funding has 4 trillion in assets. Perhaps the following schedule of the world's fifty largest banks may shed some light on issue.
The Global Finance magazine has published its annual ranking of the World’s Biggest Banks for 2010 based on assets. BNP Paribas (BNPQY) of France tops the list with total of assets of over $2.9 Trillions.
The World’s 50 Biggest Banks 2010:
Rank Bank Country Total Assets ($b) Statement Date
1 BNP France 2,964 12/31/2009
2 Royal Bank of Scotland Group United Kingdom 2,747 12/31/2009
3 HSBC Holdings United Kingdom 2,364 12/31/2009
4 Credit Agricole France 2,243 12/31/2009
5 Barclays United Kingdom 2,233 12/31/2009
6 Bank of America United States 2,223 12/31/2009
7 Mitsubishi UFJ Financial Group Japan 2,196* 3/31/2010
8 Deutsche Bank Germany 2,162 12/31/2009
9 JPMorgan Chase United States 2,032 12/31/2009
10 Citigroup United States 1,857 12/31/2009
11 Industrial and Commercial Bank of China (ICBC) China 1,726* 12/31/2009
12 ING Group Netherlands 1,676 12/31/2009
13 Lloyds Banking Group United Kingdom 1,664 12/31/2009
14 Mizuho Financial Group Japan 1,637 3/31/2010
15 Banco Santander Spain 1,600 12/31/2009
16 Groupe BPCE France 1,482 12/31/2009
17 Societe Generale France 1,475 12/31/2009
18 China Construction Bank China China 1,409* 12/31/2009
19 UniCredit Italy 1,338 12/31/2009
20 Agricultural Bank of China China 1,301** 12/31/2009
20 UBS Switzerland 1,301 12/31/2009
22 Bank of China China 1,281* 12/31/2009
23 Sumitomo Mitsui Financial Group Japan 1,281 3/31/2010
24 Wells Fargo United States 1,244 12/31/2009
25 Commerzbank Germany 1,216 12/31/2009
26 HBOS United Kingdom 1,165 12/31/2009
27 Credit Suisse Group Switzerland 1,001 12/31/2009
28 Intesa Sanpaolo Italy 900 12/31/2009
29 Rabobank Group Netherlands 875 12/31/2009
30 Goldman Sachs United States 849* 12/31/2009
31 Dexia Belgium 832 12/31/2009
32 Morgan Stanley United States 772* 12/31/2009
33 Banco Bilbao Vizcaya Argentaria (BBVA) Spain 771 12/31/2009
34 Norinchukin Japan 735* 12/31/2009
35 Nordea Bank Sweden 731 12/31/2009
36 China Development Bank China 665* 12/31/2009
37 Fortis Bank Belgium 627 12/31/2009
38 Royal Bank of Canada Canada 608 10/31/2009
39 Banque Federative du Credit Mutuel (BFCM) France 606 12/31/2009
40 Danske Bank Denmark 597 12/31/2009
41 Landesbank Baden-Wuerttemberg Germany 593 12/31/2009
42 KfW Germany 576 12/31/2009
43 National Australia Bank Australia 576 9/30/2009
44 DZ Bank Germany 560 12/31/2009
45 Commonwealth Bank of Australia Australia 539 6/30/2010
46 Westpac Australia 519 9/30/2009
47 Hypo Real Estate Holding Germany 518 12/31/2009
48 Toronto-Dominion Bank Canada 517 10/31/2009
49 Bayerische Landesbank Germany 488 12/31/2009
50 Bank of Communications China 485* 12/31/2009
Source: Fitch Ratings except
*Standard & Poor’s
The world's largest bank, a French concern, BNP, has just shy of $ 3 trillion in assets. The largest US bank, Bank of America, comes in at $ 2.2 trillion.
Does it seem odd that a single office company called US Capital Funding has $ 4 trillion in assets yet massive world class banks have a lot less than US Capital Funding?
Better yet, it is not regulated?
