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These are the best banks in the world

Business Insider 4/09/2015 Barbara Tasch

Global Finance Magazine lists the best global banks in 12 different categories.© Business Insider Global Finance Magazine lists the best global banks in 12 different categories. The best consumer bank in the world is Spanish, the best corporate bank in the world is Japanese, and the best investment bank in the world is American.

That is according to a new report by Global Finance Magazine, which lists the best global banks in 12 different categories.

The categories include: corporate bank, consumer bank, emerging markets, investment bank and trade finance.

The magazine based its ranking on a range of criteria including performance over the past year, reputation and management excellence. The selections were made after a number of consultations with bankers, corporate financial executives and analysts.

The magazine's publisher and editorial director, Joseph D. Giarraputo, said that the banks had distinguished themselves amid capricious markets.

“With volatile global markets and a strong US dollar changing the global economic playing field, these banks are ahead of the game-continuously investing in best of breed solutions and staff to outperform their peers and provide superior service to clients,” Giarraputo said.

1. Corporate Bank: Mitsubishi UFJ Financial (MUFG)

© Business Insider Market Cap: $89.08 billion

Country: Japan

Founded: 2005

Source: Global Finance Magazine / Yahoo Finance

2. Consumer Bank: Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)

Market Cap: $56.64 billion

Country: Spain

Founded: 1857

Source: Global Finance Magazine / Yahoo Finance

3. Emerging Markets: ING Groep N.V. (ING)

Market Cap: $57.52 billion

Country: Netherlands

Founded: 1991

Source: Global Finance Magazine / Yahoo Finance

4. Frontier Markets: Standard Bank

© Business Insider Market Cap: $18.09 billion

Country: South Africa

Founded: 1862

Source: Global Finance Magazine / Financial Times

5. Asset Management for Corporates: Deutsche Asset & Wealth Management (part of Deutsche Bank)

Market Cap: $39.99 billion

Country: Germany

Founded: 1870

Source: Global Finance Magazine / Yahoo Finance

6. Global Custody: BNY Mellon

Market Cap: $43.18 billion

Country: United States

Founded: 2007

Source: Global Finance Magazine / Yahoo Finance

7. Investment Bank: J.P. Morgan Chase & Co.

© Business Insider Market Cap: $231.36 billion

Country: United States

Founded: 2000

Source: Global Finance Magazine / Yahoo Finance

8. Cash Management: Citi

Market Cap: $155.76 billion

Country: United States

Founded: 1812

Source: Global Finance Magazine / Yahoo Finance

9. Trade Finance: HSBC

Market Cap: $140.87 billion

Country: China

Founded: 1865

Source: Global Finance Magazine / Yahoo Finance

10. Foreign Exchange: Citi

© Business Insider Market Cap: $155.76 billion

Country: United States

Founded: 1812

Source: Global Finance Magazine / Yahoo Finance

11. Islamic Financial Institution: AlBaraka

Market Cap: $1.21 billion

Country: Bahrain

Founded: 2002

Source: Global Finance Magazine / Yahoo Finance

12. Subcustody: Citi

Market Cap: $155.76 billion

Country: United States

Founded: 1812

Source: Global Finance Magazine / Yahoo Finance

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