A bank is a good bank when you can put faith and money in them. In return, they should help you save, safeguard, and grow your money. Everyone wants nothing but the best. That’s why we’re giving you a list of the 10 best banks in the world based on their assets.
Industrial And Commercial Bank Of China
Assets: $3.55 trillion
Ranking first on the list, this bank has a diverse branching system. It’s also highly internationalized, with 17,000 offices and 330 branches and subsidiaries spread across 76 different countries and regions.
China Construction Bank Corp
Assets: $2.98 trillion
This is the second largest bank in the world. It holds around 13,600 branches throughout China. The bank also has an international presence in some of the biggest cities in the world.
Mitsubishi UFJ Financial Group
Assets: $2.90 trillion
The third is a Japanese bank which was originally founded in 1880. Headquartered in Tokyo, the bank is the largest in Japan and third largest globally.
Agricultural Bank of China
Assets: $2.81 trillion
Next is another Chinese bank, which ranks third in China and fourth worldwide. The bank has a large network. This includes nearly 23,670 branches in China. They’re also spread across 9 major cities around the world. The bank has more than 320 million customers with both retail and corporate banking services on offer.
Bank of China
Assets: $2.65 trillion
It’s said that this bank is the more internationalized bank in China. It ranks the 4th largest in the country. The bank holds up to 26.6% of the group’s profit with their international subsidiaries account.
HSBC
Assets: $2.60 trillion
This bank is based in London. It was founded in Hong Kong in 1865. Today, this bank is a global player which serves nearly 60 million customers across 71 countries.
JPMorgan Chase & Co
Assets: $2.46 trillion
This bank is headquartered in New York. They’re the biggest bank North America. The bank was founded in 2000. Today, they’ve got an international banking footprint.
Banque Nationale de Paris (BNP) Paribas
Assets: $2.41 trillion
This French bank was founded in 2000. They’re the second largest bank in Europe. It has a highly diversified nature of operations. This allows them to grow continually in the past several years.
Bank Of America
Assets: $2.18 trillion
At ninth place is another American bank. This is the second largest in the United States. They’ve got their head office in North Carolina. They operate across 40 countries and serve over 50 million customers.
Japan Post Bank
Assets: $2.02 trillion
The last on the list is the largest bank in Japan based on the number of deposits. It was established in 2007 and has faced tough competition the past few years. But this bank manages to stand at the 10th position across the globe.
These banks offer some of the most comprehensive lists of services in the world. They’ve got a wide range of resources and services that you can use if you choose to bank with them. They cater to a majority of the world’s population.
There are companies that work on collecting and maintaining credit information of consumers. These are known as credit reporting agencies (CRAs). There are three such major CRAs in the country, namely Equifax, Experian, and TransUnion. Apart from these, there are other smaller-scale agencies too that specialize at the job. If you’re worried about “where to get my credit score?,” the larger CRAs are the most reliable bets.
These major CRAs obtain information from companies that you hold business and transactions with. People or companies that lend you money regularly report to these CRAs on your repaying status. There is also detailed information on the amount you are indebted and whether you have ever defaulted on your payments. Aside from the reports obtained from lenders, these companies also tally your general records based on certain other aspects. Some of these aspects are your public records from the local and state judiciary. These include your tax records and bankruptcy information. This information makes up an important chunk of your credit score and its report.
Equifax
Present in 24 countries, Equifax is an agency that offers consumers protection against identity theft and credit fraudulence. They also sell credit reports and credit monitoring assistance to businesses.
Experian
Experian started off in London and is now a trusted agency in 39 different countries. It provides you with a credit score, credit report, and even credit tracker on subscription. The agency uses FICO 8 system of credit score calculation. Experian was a part of Forbes’ “World’s Most Innovative Companies” in 2018.
TransUnion
Based across 30 countries with a database of over 1 billion consumers, TransUnion is another CRA giant. The agency, like the other ones, will provide you with your credit score and your credit reports. In case you decide to freeze your TransUnion credit report, it will also go the extra mile to notify Equifax and Experian, which frankly is a big help especially in case of identity theft and credit fraud.
So, the next time you are sat wondering “where to get my credit score?,” think of these three giants that provide you with an annual credit score and credit report for free once each year. However, if you are looking for more frequent updates, you can subscribe to their services and receive your monthly updates.
Did you know that you have more than a single credit score? Agencies calculate your credit score based on the data in your credit reports. If you are wondering, “where to get my credit score?,” there are three main credit reporting agencies. These can have different credit scores for you if your information on each of their credit reports is different. Also, these agencies charge a fee to reveal your credit score.
Recently, it has become easier to track and get hold of your credit score without paying any fees. You can get it from your credit card company, your loan provider, and even from a non-profit counselor. Here are a few tips you can use to check your score.