These are the best banks in the world

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Spencer Platt/Getty Images

The best consumer bank in the world is Spanish, the best corporate bank in the world is Japanese, and the best investment bank in the world is American.

That is according to a new report by Global Finance Magazine, which lists the best global banks in 12 different categories.

The categories include: corporate bank, consumer bank, emerging markets, investment bank and trade finance.

The magazine based its ranking on a range of criteria including performance over the past year, reputation and management excellence. The selections were made after a number of consultations with bankers, corporate financial executives and analysts.

The magazine’s publisher and editorial director, Joseph D. Giarraputo, said that the banks had distinguished themselves amid capricious markets.

“With volatile global markets and a strong US dollar changing the global economic playing field, these banks are ahead of the game-continuously investing in best of breed solutions and staff to outperform their peers and provide superior service to clients,” Giarraputo said.


Corporate Bank

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A pedestrian is reflected on a signboard of the Mitsubishi UFJ Financial Group’s bank of Tokyo-Mitsubishi UFJ outside its branch in Tokyo, Japan, May 15, 2015.
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Reuters

Mitsubishi UFJ Financial (MUFG)

Market Cap: $89.08 billion

Country: Japan

Founded:2005

Source: Global Finance Magazine / Yahoo Finance


Consumer Bank

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BBVA head-office building in Bilbao.
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Wikimedia

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)

Market Cap: $56.64 billion

Country: Spain

Founded: 1857

Source: Global Finance Magazine / Yahoo Finance


Emerging Markets

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The logo of ING bank is seen at the entrance of the group’s main office in Brussels
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Thomson Reuters

ING Groep N.V. (ING)

Market Cap: $57.52 billion

Country: Netherlands

Founded: 1991

Source: Global Finance Magazine / Yahoo Finance


Frontier Markets

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Businessmen chat in front of a Standard Bank logo in Sandton outside Johannesburg October 25, 2007.
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Reuters

Standard Bank

Market Cap: $18.09 billion

Country: South Africa

Founded: 1862

Source: Global Finance Magazine / Financial Times


Asset Management for Corporates

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Deutsche Bank headquarters Frankfurt am Main, Germany
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Deutsche Bank Website

Deutsche Asset & Wealth Management (part of Deutsche Bank)

Market Cap: $39.99 billion

Country: Germany

Founded: 1870

Source: Global Finance Magazine / Yahoo Finance


Global Custody

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The Bank of New York Mellon Corp. building at 1 Wall St. is seen in New York’s financial district March 11, 2015.
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REUTERS/Brendan McDermid

BNY Mellon

Market Cap: $43.18 billion

Country: United States

Founded: 2007

Source: Global Finance Magazine / Yahoo Finance


Investment Bank

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REUTERS/Eduardo Munoz

J.P. Morgan Chase & Co.

Market Cap: $231.36 billion

Country: United States

Founded: 2000

Source: Global Finance Magazine / Yahoo Finance


Cash Management

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A Citigroup office is seen at Canary Wharf in London.
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Thomson Reuters

Citi

Market Cap: $155.76 billion

Country: United States

Founded: 1812

Source: Global Finance Magazine / Yahoo Finance


Trade Finance

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A woman uses a cash point machine at a HSBC bank in the City of London.
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Thomson Reuters

HSBC

Market Cap: $140.87 billion

Country: China

Founded: 1865

Source: Global Finance Magazine / Yahoo Finance


Foreign Exchange

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A view of the exterior of the Citibank Corporate headquarters in the Manhattan borough of New York
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Thomson Reuters

Citi

Market Cap: $155.76 billion

Country: United States

Founded: 1812

Source: Global Finance Magazine / Yahoo Finance


Islamic Financial Institution

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Albaraka headquarters in Turkey
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Facebook/Albaraka Türk

AlBaraka

Market Cap: $1.21 billion

Country: Bahrain

Founded: 2002

Source: Global Finance Magazine / Yahoo Finance


Subcustody

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Women walks near a Citibank branch in Hanoi, Vietnam.
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Thomson Reuters

Citi

Market Cap: $155.76 billion

Country: United States

Founded: 1812

Source: Global Finance Magazine / Yahoo Finance