JPMorgan Chase (JPM) remains the world's most systemically important bank, according to a new ranking from the G20's Financial Stability Board.
The Financial Stability Board started its annual rankings after the 2008-09 financial crisis.
According to the latest ranking, JPMorgan Chase, which is the largest U.S. bank with $4 trillion U.S. of assets under management, remains the most important bank to the global economy and financial markets.
Other banks that are ranked among the most important in the world from a risk perspective are Bank of America (BAC), Citigroup (C), HSBC (HSBA), China Construction Bank, and BNP Paribas (BNP).
The Financial Stability Board said that cross-border exposures within the European Union's banking system have been calibrated in this year’s rankings of European banks.
JPMorgan Chase’s stock is down 17% this year at $133.84 U.S. per share.
