Like a long-running game of musical chairs, Japanese banks last year reshuffled their places in a preliminary ranking by the American Banker of the world's top 200 banking companies, based on asset size.

Sanwa Bank Ltd. climbed to No. 1 from No. 5, Fuji Bank Ltd. moved from being the world biggest bank to the third biggest, and Sumitomo Bank Ltd. moved from No. 3 to No. 4.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.