Forbes: Citigroup is World's Largest Firm
Business | March 31, 2007, Saturday // 00:00
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US banking giant Citigroup has been named once again the largest company in the world by Forbes business magazine.
Forbes' Global 2000 list is based on a composite of sales, market value, assets and profits.
Bank of America came second, followed by HSBC Holdings, General Electric and JPMorgan Chase.
This is the second year in a row that Citigroup tops Forbes' Global 2000 list.
The company made an annual net profit of USD 21.54 B on revenues of USD 146.56 B in fiscal 2007.
Other companies that made the top 20 include British oil giant BP, Japanese car manufacturer Toyota and US insurance firm Berkshire Hathaway.
Forbes' Global 2000 list is based on a composite of sales, market value, assets and profits.
Bank of America came second, followed by HSBC Holdings, General Electric and JPMorgan Chase.
This is the second year in a row that Citigroup tops Forbes' Global 2000 list.
The company made an annual net profit of USD 21.54 B on revenues of USD 146.56 B in fiscal 2007.
Other companies that made the top 20 include British oil giant BP, Japanese car manufacturer Toyota and US insurance firm Berkshire Hathaway.
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