While European banks count the cost of the eurozone sovereign debt crisis, China is leading the emerging markets into a new era of banking dominance. But the established markets of the US and Japan should not be forgotten.
Top 1000 World Banks 2012
Many of the world's largest banks have seen their trading income fall in 2011, with only two – Morgan Stanley and JPMorgan – avoiding this fate.
Asia-Pacific is the most numerous global region among this year's Top 1000 ranking, with its growth coming largely at the expense of western Europe and North America.
Despite the uncertainty casting a shadow over global markets, the capital-to-asstes ratio (CAR) of banking systems across much of the world remain stable. But it is a different story in Western Europe where CARs remain well below the global average.
Western European lenders have been overtaken by their central Asian counterparts for regional loans-to-deposit ratios this year, as Latin American banks climb to third.
Top 1000 World Banks 2012: regional results
When the Asian behemoths of China and Japan are removed form the Asia-Pacific ranking, Australia's 'big four' banks come to the fore, though Singapore and South Korea also feature prominently.
Brazilian banks still dominate the top four positions in The Banker's Latin American ranking, but Colombia's lenders have made significant headway, with three of the country's banks moving up the top 20 Latin America ranking, including Banco de Bogotá, which climbed five places to fifth.
Central and eastern Europe experienced Tier 1 capital falls across the board this year, but Russia's banks predictably dominate the top tier of firms and also witnessed a rise in new players in the regional top table.
While the charge of the Chinese banks grabs the headlines, the big names from the US still lead The Banker's Top 1000 ranking as well as dominating the North American list.
As the Middle East increases its representation in the Top 1000 World Bank ranking after a drop in 2011, it is the the Gulf banks that are leading the revival.