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.
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.
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.
Siew Chan Cheong, group chief strategy and transformation officer at Maybank, discussed how the bank leverages digital innovation and strategic partnerships to enhance customer experience and drive sustainable growth.
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.