Sign of the times: The world's largest bank by market cap is no longer a Chinese one as Wells...

|About: Wells Fargo & Co. (WFC)|By:, SA News Editor

Sign of the times: The world's largest bank by market cap is no longer a Chinese one as Wells Fargo (WFC) overtakes Industrial & Commercial Bank of China for the top spot. ICBC had wrested the #1 ranking from Citigroup in 2007 as the Western credit bubble was just beginning to blow. "There's been a complete 180 degree turn in perceived danger," says an observer. "The U.S. banks are exiting danger and Chinese banks are entering."