Posted on 16 August 2010.
Some banks are trustworthy while others exist just to confuse you and make money off you. The following are reliable and have great credibility.
Citibank came into being during the 1800s in New York City. It is undoubtedly the best bank in the world and has a lot of financial clout as well. A country is not completely developed if this bank cannot be found almost at every corner! It has recently opened branches in Philadelphia, Washington and Boston.
2. JP Morgan Chase
JP Morgan Chase is even older than Citibank and has assets that amount to about 2 trillion dollars. The bank is a favorite amongst clients from different walks of life, be it government officials, business tycoons or the common man. They are widely celebrated for their credit card services as well as their reliability as far as commercial banking is concerned.
HSBC was established about 20 years back and has had its headquarters in England ever since. Forbes declared it to be among the largest banks and companies in the world last year. HSBC is popular in Asia wherein its investments activities are particularly impressive.
4. Bank of America
As far as market capitalization is concerned; this bank is among the largest in the world. It can be found in over 120 countries and thanks to Merrill Lynch, it has also started getting recognized for its investment services. Its rivals include Wells Fargo and Citigroup.
5. Credit Agricole Group
Credit Agricole Group is based in France and is known for its retail banking services. Europe considers it to be among the largest in this financial filed and because it focuses on the importance of keeping the planet clean and green, it has managed to create a loyal customer base for itself.