Bank branches per 100,000 people by country, around the world | TheGlobalEconomy.com (2024)

FAQs

Which country has the most bank branches in the world? ›

Based on a comparison of 154 countries in 2021, USA ranked the highest in number of banks with 4,200 banks followed by Russia and United Kingdom. On the other end of the scale was Lesotho with 4.00 banks, Comoros with 4.00 banks and Papua New Guinea with 4.00 banks.

Citigroup

Citigroup is a global financial services corporation. Its retail banking division has about 673 locations in the U.S. and more than 1,800 branches outside of the country. U.S. customers can also access more than 65,000 fee-free ATMs.

Central Bank of India

This public sector bank has a wide network of branches across all the 29 states and also in 6 out of 7 Union territories in India.

India takes the top spot. Its $39.7bn debt towards the WB recorded at the end of 2021 is double that of the next biggest debtor, Indonesia, with $19.6bn. Pakistan and Bangladesh follow with $18.3bn and $17.8bn, respectively, according to WB figures.

There are 189 different banks in the Chicago metro area. This is 20 banks or so for every 100,000 residents, more banks per capita than the other cities on our list. People collectively hold $398 billion in checking, savings, CD and money market accounts within Chicago area bank branches.

Banking system z-scores - Country rankings

The average for 2021 based on 136 countries was 17.25 index points. The highest value was in Luxembourg: 51.67 index points and the lowest value was in Iceland: 1.28 index points. The indicator is available from 2000 to 2021.

JPMorgan Chase. Headquarters: New York, N.Y. JPMorgan Chase is the largest bank in the U.S., with roughly $3.20 trillion in consolidated assets.

JPMorgan Chase & Co. is an American multinational financial services company headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States and the world's largest bank by market capitalization (as of 2023).

Can a US citizen living abroad have a U.S. Bank account? ›

Is it possible to open a US bank account online as a non-resident? No. Most US banks will require non-residents to apply for an account in person. That means you have to travel to the US and walk into a bank branch to set up your account.

Why is Reserve Bank of India called ' Mother of Banks '?

Which countries hold the most US debt? Over the past 20 years, Japan and China have owned more US Treasuries than any other foreign nation. Between 2000 and 2022, Japan grew from owning $534 billion to just over $1 trillion, while China's ownership grew from $101 billion to $855 billion.

Japan's debt-to-GDP ratio is the highest in the world due to a prolonged period of economic stagnation and demographic challenges.

What is the largest financial city in the world? ›

Given the United States has the largest economy in the world and the U.S. dollar is the dominant global reserve currency, the United States has the most leading financial cities in the world, including the leading financial center in the world in New York City.

While 7% with Landmark Credit Union is the highest available interest rate, other high-yield savings accounts exist and may be more worth it based on each bank's unique requirements.

U.S. Federal Reserve System (Fed) The Federal Reserve, commonly referred to as the Fed, is the central bank of the United States. It is probably the most influential central bank in the world.

Banks with the most overall complaints

The four banks with the largest total number of complaints included JPMorgan Chase with 8,360 complaints followed by Wells Fargo &Company (8,329), Bank of America (8,038) and Citigroup (6,747).

"Our base projection is for a recession to occur in the U.S. economy beginning in the third quarter of 2023, occur through the fourth quarter of 2023 and into the first quarter of 2024," Moynihan said. The bank, he said, predicted the quarterly contractions would range between 0.5% and 1%.

Future Treasury Secretary Alexander Hamilton founds the Bank of New York, the oldest continuously operating bank in the United States—operating today as BNY Mellon.

What banks accept US citizens living abroad? ›

Do I still need to file a U.S. tax return? Yes, if you are a U.S. citizen or a resident alien living outside the United States, your worldwide income is subject to U.S. income tax, regardless of where you live.

Canadians can begin the process of opening a US bank account online. You can usually begin your application and start providing information on your computer or mobile device. However, you will likely need to visit an actual US bank branch in person in order to fully complete the registration process.

The Fundamentals of the 5 Largest U.S. Banks

When comparing the Fundamental Data of the five largest U.S. banks, we discover that JPMorgan is the largest in terms of Market Capitalization ($383.64B) and Revenue ($122.31B).

SVB (brand value up 148% to US$2.8 billion) is the fastest-growing banking brand in the world, more than doubling in brand value this year.

There are 4,236 FDIC-insured commercial banking institutions in the U.S. as of 2021 but 72,166 commercial bank branches. Most banks have at least one physical branch, and some have dozens or hundreds.

Its five organizations are the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA) and the International Centre for Settlement of Investment Disputes (ICSID).

World Bank Group

International Bank for Reconstruction and Development (IBRD) International Development Association (IDA) International Finance Corporation (IFC)

Why are so many US banks closing? ›

Decades of low interest rates squeezed banks' profits. Many opted to cut costs by closing branches. The pandemic triggered a massive migration to digital banking. Large banks vying for market share often acquire smaller banks to expand their footprint.

With $5.5 trillion in assets, Industrial and Commercial Bank of China Limited is the largest bank in the world, as measured by total assets. Given its size and dominance, it's no surprise that ICBC China has earned high marks for financial stability and profitability.

The banks with the most widespread national presence are Chase, Bank of America, Wells Fargo, U.S. Bank, and Citibank.

UBS is now 'the world's safest bank' for depositors because Switzerland has made it too big to fail, analyst says | Business Insider India.

SWITZERLAND

Switzerland is a notorious worldwide standard for financial safe-havens. Switzerland and banking are almost synonymous with anyone around the world. This highly developed, multilingual European country has become the global standard for financial stability throughout several generations.