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Saving, Investment, and the Financial System: By the Numbers

The financial system consists of banks, money markets, and government institutions that issue and manage money. Although the United States is the largest economy in the world, it does not have the largest banks in the world in terms of total assets.

Consider the accompanying tables which list the worlds ten largest banks in terms of assets in 2008 and 2017.

Top Banks in the World by Assets, 2008

Rank	Bank	Country	Total Assets 2008 ($ billions)
1	Royal Bank of Scotland Group	UK	3,515
2	Barclay	UK	3,004
3	Deutsche Bank	Germany	2,896
4	BNP Paribas	France	2,729
5	HSBC Holdings	UK	2,527
6	JP Morgan Chase & Co	USA	2,175
7	Credit Agricole	France	2,174
8	Citigroup	USA	1,938
9	Mitsubishi UFJ Financial Group	Japan	1,922
10	ING Group	Netherlands	1,858

Top Banks in the World by Assets, 2017

Rank	Bank	Country	Total Assets 2017 ($ billions)
1	Industrial & Commercial Bank of China	China	4,006
2	China Construction Bank Corp	China	3,397
3	Agricultural Bank of China	China	3,233
4	Bank of China	China	2,989
5	Mitsubishi UFJ Financial Group	Japan	2,774
6	JP Morgan Chase & Co	USA	2,534
7	HSBC Holdings	UK	2,522
8	BNP Paribas	France	2,348
9	Bank of America	USA	2,281
10	China Development Bank	China	2,202

Determine if each country had at least one bank ranked as one of the top ten largest in the world each year. Move each country to the appropriate category based on whether it had at least one bank in the topten largest in 2008 only, 2017 only, or both 2008 and 2017.

2008 only	2017 only	both 2008 and 2017

Answer bank choices:

Japan, United Kingdom, United States, China, Germany, Netherlands, and France

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