ANALYSIS OF THE ACTIVITIES OF THE LARGEST TRANSNATIONAL BANKS IN THE WORLD AND THEIR ROLE IN THE GLOBAL FINANCIAL SYSTEM

Аннотация

The growth of transnational banks and their role in the consolidation of banking and industrial capital has become one of the most significant events in the world economy in recent years. When the interests of transnational capital coincide with the interests of certain nation-states, transnational banks give them significant and even decisive competitive advantages in the world market. It is transnational banks that are significantly accelerating the process of economic globalization. The scientific article analyzes the activities of the world's largest transnational banks and their role in the global financial system. In addition, the assets of JP Morgan Chase of the United States and the Industrial and Commercial Bank of China of the People’s Republic of China and their annual net profit were studied. This article is intended for economists, associate professors, professors, teachers, students majoring in economics, and those interested in economics.