There has been a change at the top in North America’s regional table, with JPMorgan surpassing Bank of America. The New York-based lender continued to expand its Tier 1 capital, which is now $160bn – up from $150.4bn in 2012’s rankings – while Bank of America decreased it capital to $155.5bn, down from $159bn and $163bn in the previous two annual rankings, respectively.
Further down the list, all positions up to ninth are as they were in last year’s ranking, and all but one of the lenders have increased their capital positions. Royal Bank of Canada, in seventh place, saw its Tier 1 decrease slightly to $32.9bn from $35.9bn, but remains the top Canadian player and displays the fifth highest return on capital (29.29%) in the region. Canadian banks changed accounting standards last year, however, which makes comparisons with previous Tier 1 figures difficult.
