JPMorgan, ICBC and Bank of America led global corporate, investment and wholesale banking revenue in FY2024, underscoring a competitive shift as institutions prioritise growth, efficiency and innovation to redefine global banking leadership.
JPMorgan, ICBC and Bank of America led global corporate, investment and wholesale banking revenue in FY2024, underscoring a competitive shift as institutions prioritise growth, efficiency and innovation to redefine global banking leadership.
JPMorgan Chase, Bank of America and ICBC top the TABInsights World’s Top 50 Corporate, Investment and Wholesale Banks Ranking 2025, while Deutsche Bank, Itaú Unibanco, First Abu Dhabi Bank and Standard Bank lead in their respective regions.
As China's private banking and entrepreneur services sector grapples with a confluence of challenges, from slowing wealth creation to changing client priorities, leading institutions are dramatically reshaping their business models around entrepreneur-focused services.
Kotak Mahindra Bank is the most profitable bank in India, while State Bank of India reports the largest net profit. Indian banks place fourth globally in net profit share, surpassing France.
Digital banks continue to experience rapid growth in users, assets and revenue, with Brazil’s Nubank, the retail arm of ING Group and China’s WeBank leading the sector. Profitability among digital banks has improved, with a shorter time to break even.
Asia is leading in financial platform development and adoption, with Alipay building a vast ecosystem and global reach, while Revolut excels in user acquisition and financial performance.
JPMorgan Chase, Emirates NBD and Standard Chartered Hong Kong top TABInsights World’s Best Retail Banks Ranking, with the top 50 banks showing modest improvements in retail profitability.
Chinese banks dominate the world’s top 10 banks by net profit, but their profit growth lagged behind US and UK banks, mainly due to rate cuts, narrowing profit margins.
Islamic banks in Saudi Arabia display exceptional financial strength, with Al Rajhi Bank maintaining its position as the largest and strongest Islamic bank worldwide.
The Middle East and Africa lead in bank profitability, benefiting from considerable non-interest-bearing deposits and elevated oil prices in the Middle East, along with high interest rates and foreign exchange gains in Africa, according to the TAB Global 1000 Strongest Banks Ranking.
The Global RMB Internationalisation Survey 2024 reveals that usage in cross-border trade has surged, accounting for over half of China’s cross-border payments. The results show high engagement from financial institutions and companies in RMB-based transactions, with notable growth in cross-border cash management, trade financing and investments.
Banks in Asia’s mature markets beat rising costs, deteriorating credit quality and higher interest rates, focusing on digital experiences, GenAI, green finance and fraud prevention