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The world's five largest banks are all based in Asia, and China-headquartered banks made up the top four, according to S&P Global Market Intelligence's latest global bank rankings.
S&P Global Market Intelligence ranks the largest banks in the world by converting their total assets into U.S. dollars using the exchange rate as of the end of the period measured. Most banks were ranked by total assets as of Dec. 31, 2015. The previous ranking was published in August 2015 and ranked most banks by total assets as of March 31, 2015.
London-based HSBC Holdings Plc fell to No. 6 from No. 4 in the previous ranking; the company's total assets dropped to $2.410 trillion from $2.670 trillion. In the previous ranking, HSBC was the only bank in the top five...