Biggest banks in the world list: China dominates, US fades
So what's all this talk about U.S. banks being too big to fail?
While regulators and legislators try to find ways to reduce the financial footprint of domestic institutions, American banks continue to lag behind their global competitors.
In fact, fully eight of the top 10 banks in the world are based outside the U.S., according to the most recent rankings from S&P Global Market Intelligence. The biggest American institution, JPMorgan Chase, even has fallen down a notch to seventh. Bank of America is the only other U.S. institution in the global top 10.