Forbes: Citigroup is World's Largest Firm

Business | March 31, 2007, Saturday // 00:00

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.

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