If JPMorgan Chase reported under the IFRS, it would be ranked 4th on the list as of 2022, rather than 5th. Foreign banks might also look to expand their presence, wrote Prakhar Sharma, Parameswaran Subramanian and Bhaskar Basu of Jefferies in an April 16 note. Īccounting treatment affects the assets reported: for example, the United States uses US GAAP (as opposed to IFRS), which only reports the net derivative position in most cases, leading to US banks having fewer derivative assets than comparable non-US banks. In the years that followed Bourassa became the most prolific counterfeiter in US history, producing 250m (£194m) in forged American bank notes in an illicit print shop he set up on a farm. The ranking was based upon assets as reported and was not adjusted for different accounting treatments. The largest legal banknote measures 814 cm² (126.17 in²), achieved by Bank Negara Malaysia (Malaysia) on 29 December 2017. Finally, the largest bank note ever denominated is the Zimbabwe 100 billion note. The so-called 'Big Four' account for more than half of that total value. Most sought after is the one hundred trillion Zimbabwe dollar bill, the highest denomination when the currency was abandoned nearly two years ago and the American dollar became legal tender. ![]() China continues to house the greatest number of top 100 banks, with 19 institutions collectively holding assets worth 30.458 trillion. ![]() The list is based on the April 2022 S&P Global Market Intelligence report of the 100 largest banks in the world. With the issue of the AR500 banknote, the Central Bank launched in June 2016 a new banknote series which displays images of some native animals of Argentina. Spanish Banco de Sabadell SA, on the contrary, and Brazilian Caixa Econmica Federal, dropped off the list this year.
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