World’s five largest banks based in Asia, four in China, one in Japan

NEW YORK- 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, which ranks the largest banks in the world by converting their total assets into US dollars using the exchange rate as of the end of the period measured.

Most banks were ranked by total assets as of December 31, 2015. The previous ranking was published in August 2015 and ranked most banks by total assets as of March 31, 2015.