RBS world’s fourth-largest lender

by Gill Montia

Story link: RBS world’s fourth-largest lender

In its annual review of the world’s top 1,000 banks, The Banker magazine has ranked Royal Bank of Scotland (RBS) as the world’s fourth-largest lender.

Bank of America Merrill Lynch heads the list, followed by JP Morgan Chase and Citigroup.

The UK’s HSBC, Barclays and Lloyds Banking Group also appear in the top 15, taking fifth, tenth and twelfth places respectively and thereby marking out Britain as the second most powerful centre for banking in the world, after the US.

The Industrial & Commercial Bank of China, the China Construction Bank and Goldman Sachs were the three most profitable banks worldwide in 2009.