America’s banks are big. China’s are massive

New York (CNN Business)1. Big banks: New York might be the financial capital of the world, but China is home to the planet’s mightiest banks. The next three biggest Chinese banks are each north of $3 trillion: China Construction Bank, Agricultural Bank of China and Bank of China. All four banks are state-owned. American banks have only gotten bigger since the financial crisis, but they’ve still got some growing to do to catch up to their peers in China. Just two US banks — JPMorgan Chase (JPM) and Bank of America (BAC) — crack the top 10 in S&P’s rankings of the world’s largest banks. JPMorgan, which sports $2.6 trillion in assets, cemented its role as the king of American …