CHINA’S ICBC BECOMES WORLD’S FOURTH-LARGEST BANK

NEW YORK - Global Finance magazine in its annual listing of the world’s 50 biggest banks for 2012 (as measured by total assets) is reporting that the Industrial and Commercial Bank of China is now Number Four. There is relative stability among the largest banks in terms of he world in terms of the total value of their assets, the magazine says. Deutsche Bank has jumped from second to become the largest bank in the world, followed by HSBC and BNP Paribas. China again has six banks in top 50 - the largest group from any single country.