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Investment

Largest five banks all Asian

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, while Australian banks have slipped down the rankings.

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Read more: S&P Global Market Intelligence,  Asia,  IFRS,  US GAAP,  ANZ,  Commercial Bank of China,  HSBC Holdings,  Agricultural Bank of China,  Asian,  China Construction Bank Corp,  Co.,  Commonwealth Bank,  Industrial,  JPMorgan Chase,  Mitsubishi UFJ Financial Group,  NAB,  Tokyo