JPMorgan Chase & Co., the biggest U.S. bank by assets, reclaimed the No. 1 title by market value as the impact of last year’s wrong-way bet on derivatives fades and investors wager on an investment-banking rebound.
JPMorgan Chase & Co . had more Japanese holdings than any U.S. lender and Citigroup Inc . counted Japan’s government among its biggest debtors before last week’s earthquake struck, according to KBW Inc.
Antonio Guglielmi was in Italy watching a dull, tied-at-zero soccer game between AC Milan and S.S. Lazio of Rome, his hometown, at the beginning of February when his mind wandered to the subject of Europe’s banks. That’s something he thought about every day as a financial company analyst at Milan-based Mediobanca SpA.