Economy USA World

29 institutions richer than the United States

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.

Rating:

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
Morgan Stanley 215,531.0
Barclays Plc 201,561.4
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
UBS AG 105,096.6
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
Freddie Mac 71,754.0
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
Aviva plc 39,745.5
U.S. Treasury 39,416.0

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