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US banks continue to dominate North American ranking

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.
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The status quo is very much maintained in this year’s North America ranking. The top seven banks are in the same positions as in 2011’s chart with Bank of America heading the table – and the Top 1000 ranking – followed by JPMorgan Chase, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley. Royal Bank of Canada is the largest Canadian bank and remains in seventh place. US Bancorp is in eighth position having swapped places with PNC Financial Services Group, which is now down at ninth place. Two more Canadian banks follow, with Toronto Dominion in 10th place and Scotiabank in 11th.

US banks retain their strong position in the Top 1000, taking three of the top five positions and four of the top 10, now matched only by the Chinese banks in this latter effort. And whereas European banks have in many cases suffered declines in capital as they have written off losses, North American banks have often seen increases (although Bank of America is one exception, with its Tier 1 down from $163bn to $159bn). JPMorgan, Citigroup and Wells Fargo have all seen increases.

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