Wells Fargo No.1

The Industrial & Commercial Bank of China has lost its standing as the world's largest bank to Wells Fargo & Co.

By InvestSMART · 25 Jul 2013

By InvestSMART ·
25 Jul 2013

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The Industrial & Commercial Bank of China has lost its standing as the world's largest bank to Wells Fargo & Co. San Francisco-based Wells Fargo is worth $US236 billion, according to the New York Stock Exchange, while Chinese figures show ICBC valued at $US223 billion.

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Frequently Asked Questions about this Article…

Which bank is now the world's largest bank according to the article?

Wells Fargo & Co. is now the world's largest bank, having taken the top spot from the Industrial & Commercial Bank of China (ICBC).

How much is Wells Fargo worth and what source reported that valuation?

Wells Fargo is reported to be worth US$236 billion, according to the New York Stock Exchange.

Which bank lost its standing as the world's largest bank?

The Industrial & Commercial Bank of China (ICBC) lost its standing as the world's largest bank to Wells Fargo & Co.

What valuation is given for ICBC in the article?

Chinese figures in the article show ICBC valued at US$223 billion.

What is the valuation difference between Wells Fargo and ICBC based on the figures cited?

Based on the figures cited (US$236 billion for Wells Fargo and US$223 billion for ICBC), Wells Fargo is US$13 billion higher in value.

Which sources provided the bank valuations mentioned in the article?

The New York Stock Exchange is cited for Wells Fargo's valuation, while Chinese figures are cited for ICBC's valuation.

Where is Wells Fargo based?

Wells Fargo is based in San Francisco, as noted in the article.

Which companies are mentioned in this article about the world's largest bank?

The article mentions Wells Fargo & Co. and the Industrial & Commercial Bank of China (ICBC).