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How Did the biggest Banks Get So Large? The biggest banks have grown to their current measurement by a mixture of factors, including natural progress, mergers and acquisitions, innovation, and market dominance. What's the biggest Financial institution on the planet? As of Sept. 22, 2024, JP Morgan & Chase held the title of the largest financial institution on the earth as measured by market capitalization. The world's 10 largest banks supply a wide range of financial services to individuals, businesses, and institutional clients. They have grown over time attributable to ongoing enterprise success and mergers and acquisitions.