While the increase of the ceiling is the subject of heated debate in Congress, the center of economic analysis in Capital IQ took the opportunity to list the companies that have more money than the United States to mid-July. According to its accounts, there would be twenty-nine in total.
Not surprisingly, two of the top three institutions are Chinese banks. But U.S. banks are not far behind: Bank of America is found in third position, JP Morgan Chase and Morgan Stanley in the sixth and seventh place respectively. Some Europeans are also highly ranked, as Credit Suisse, Royal Bank of Scotland, Santander and Deutsche Bank.
More unexpectedly, the “American dream” of Freddie Mac, which had to be rescued by the U.S. government at the time of financial crisis. It is now in the classification of establishments richer than the U.S. Treasury Department with $ 72 billion in assets, as outlined in the Tribune.
Most companies in the ranking are financial institutions.
|Company name||Cash Equivalents in thousands of millions of dollars|
|Industrial and Commercial Bank of China Ltd||416,501.7|
|Agricultural Bank of China||362,280.0|
|Bank of America Corporation||331,598.0|
|China Construction Bank Corporation||316,802.9|
|Credit Suisse Group||303,297.7|
|JP Morgan Chase & Co||243,828.0|
|Royal Bank of Scotland Group||190,827.4|
|Deutsche Bank AG||125,213.1|
|Banco Santander SA (||121,968.4|
|Mizuho Financial Group, Inc..||120,085.8|
|Bank of China||101,192.5|
|Lloyds Banking Group plc||86,967.3|
|Gujarat Automotive Gears Ltd||86,942.4|
|General Electric Co.||72,090.0|
|HSBC Holdings plc||71,754.0|
|Sumitomo Mitsui Financial Group Plc||68,124.0|
|National Australia Bank Limited||61,949.8|
|Standard Chartered Plc||59,734.0|
|Mitsubishi UFJ Financial Group||59,362.6|
|Shanghai Pudong Development Bank Co.||52,190.7|
|Federal National Mortgage Association||46,081.0|
|DnB Nor ASA||46,021.5|
|The Goldman Sachs Group, Inc..||42.683,0|
|Berkshire Hathaway Inc.||41.178,0|