The policy has been maintained through the Global Recession of 2008–09, as Westpac acquired St George Bank and the Commonwealth Bank acquired Bankwest, reinforcing the special status of the "big four".
The "Big Four" banks of Austria are:[7] *separate legal entities operating under a common brand The big four banks of Belgium[8] are a result of national and international mergers in the early 90s.
[20] In India the largest banks, based on total market capitalization, are:[21] In Indonesia, the term "big four" is not explicitly used.
In Ireland, the term "big four" applies to the four largest banks by market capitalisation.
These banks are all listed in the Tokyo Stock Exchange (where they are constituents of the Nikkei 225 and TOPIX Core30 indices) and the New York Stock Exchange in the form of American depositary receipts; MUFG and SMBC Group are both additionally listed in the Nagoya Stock Exchange and serve as the financial arms of their respective namesake keiretsu (Mitsubishi for MUFG, Sumitomo and Mitsui for SMBC).
[39] New Zealand is Australia's closest neighbour, with very close cultural and economic ties.
[44] These four NZ subsidiaries are massively profitable and sometimes even outperform the Australian parent companies.
In 2011, these top five banks had a combined balance sheet, including contingents, of 12.9 trillion naira ($821 billion), 33 percent higher than the prior year.
[69]: 160–169 In 2021, the top three largest state-owned banks held over 37.1% of the market share, while Turkey's top four largest foreign-owned banks dominate 22.9% of the overall market share.
In the United States, the "big four" banks hold about 45% of all U.S. customer deposits (as of 2018), and each have assets of roughly $1.7 trillion U.S. dollars.
[81] However, Citigroup still has significantly more assets than U.S. Bancorp and PNC Financial Services.