For the first time Chinese banks rank as the biggest four in the world in terms of Tier-1 capital, according to an annual league table from The Banker, a trade publication. ICBC held the top spot for the sixth year running; its capital grew by $43bn in 2017. The gap between American banks, whose capital did not budge much, and Chinese ones continued to widen. European banks notched up some rare good news last year—their share of global profits grew from 13% to 20%. The Italian and British banking sectors were among those to enjoy strong rises in profits. India’s banks had a much grimmer time of it, posting a $9.2bn loss, the world’s biggest.