Global Banks: The Race for Supremacy in 2018

Abstract

The globalization of banking has become an important phenomenon of the economic world especially in the last decades. Today’s global banking landscape is dominated by the Chinese and American banks. The aim of the paper is to briefly analyze the fierce competition for supremacy in the global banking system in 2018 by taking into account various criteria such as revenues, profits or assets. The authors achieved the objective of the paper by using a quantitative method. The information was gathered through a comprehensive literature review from numerous sources of secondary data from various domains. The paper shows that the Chinese banks dominated the global banking system last year.

Keywords

• global banks
• china
• united states of america
• global banking system
• financial globalization