Strengthening balance sheets ensures China retains its top spot in this year’s rankings. Global financeThe 2024 ranking of the world’s 50 largest banks highlights institutions that have built powerful franchises in their markets, with an extensive list of corporate, commercial and retail clients. Their sheer size makes them industry leaders, and by using a variety … Read more
The weak economy hasn’t stopped Chinese banks from expanding their balance sheets; they dominate our rankings again. China continues to seek an antidote to its weak economy and deteriorating real estate market, while its banking sector continues to expand. GDP growth rose to 5.2% in 2023, up from 3% in 2022, but the International Monetary … Read more
The use of AI in finance was a hot topic at this year’s Sibos conference as banks discussed how AI could change the way financial services are delivered and consumed and, more importantly, how its data is managed. Using large language models (LLMs) to improve efficiency, improve customer service, and improve decision-making has been part … Read more