JPMorgan leads list of strongest banks worldwide

06/24/2009 | CNBC

JPMorgan Chase moved from fourth last year to first this year on The Banker magazine's list of the strongest banks globally. The annual rankings are based on the amount of Tier 1 capital the banks hold. Bank of America, Citigroup, Royal Bank of Scotland and HSBC round out the top five. Banks from China and Spain were the five most profitable financial institutions on the list.

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