HSBC tops survey of world's leading banks
HSBC has jumped from third to first place in the latest annual Banker
magazine survey of the world's top one thousand banks (Top 1000).
HSBC is the first non-US company to lead the survey since 1999 and
tops the rankings by virtue of its Tier 1 capital and profit before tax,
which last year reached a new high.
The survey found that US banks now account for 14 per cent of
aggregate Top 1000 pre-tax profits, down from 24 per cent last year,
while Asian banks rose to 19 per cent from 12 per cent.
European bank profits remained flat at 41 per cent of the total. In
April, HSBC also topped the Forbes 2000 list of the world's largest
companies - the first non-US company to do so, having delivered 26 per
cent growth in annual revenue and 31 per cent in net income over the
past five years. |
