HSBC tops survey of world's leading banks

HSBC has come first in The Banker Magazine survey of the world's top 1,000 banks. HSBC takes the crown following nine years of US domination and jumps two places from its third position last year. HSBC was also rated the Best Bank in the Western Europe category.

HSBC leads the rankings by virtue of its tier one capital, which determines the financial strength of an institution.

This isn't the first time this year HSBC has come on top of a prestigious ranking. In April, the Group topped the Forbes Magazine's 2000 list of the world's largest companies – the first non-US company to lead the rankings.

Prior to that, HSBC was voted the MOST VALUABLE BANKING BRAND in the world by Global 500 Banking Brands – an annual review of the top banking brands in the world

14 July 2008