Business: Biggest Bank

Biggest Bank In the reign of Charles Edwin Mitchell the title of "world's largest bank" passed from London to Manhattan and National City Bank. When Chase National Bank swallowed Equitable Trust three years ago, the title passed from Wall Street to Pine Street. Last week it returned to London. Rising pound and slumping dollar had placed not one but three British banks ahead of the biggest bank in the U. S.

First of Britain's great banks to report June 30 condition was Barclays. Its total resources of $1,971,900,000 topped Chase by $250,000,000. Chase would...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!