CHINESE BANK TOPS WORLD BANKS RANKING FOR FIRST TIME

LONDON: 1 July 2013: A Chinese bank has come top in The Banker’s Top 1000 World Banks ranking for the first time ever. ICBC (Industrial and Commercial Bank of China) has moved from third to first place on the back of a 15% increase in capital. Last year’s winner Bank of America fell back to third while JP Morgan stayed second.

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