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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 IntelligenceAsiaIFRSUS GAAPANZCommercial Bank of ChinaHSBC HoldingsAgricultural Bank of ChinaAsianChina Construction Bank CorpCo.Commonwealth BankIndustrialJPMorgan ChaseMitsubishi UFJ Financial GroupNABTokyo