The graphic below shows the top 25 worst global banks based on losses: Source: The Banker Except VTB-Bank of Russia, all the losers in this list are from Europe, the U.S. and Japan. None of the major emerging market banks appear in this list which confirms their strength during the global financial crisis.
Bank of America (BAC) tops the rankings in the Top 20 World Banks 2010 list based on Tier 1 capital published by The Banker magazine. Bank of America topped this ranking back in 1970 when the list was released for the first time. The second and third places went to JPMorgan Chase(JPM) and Citigroup (C) …
Continue reading ‘The Top 20 World Banks 2010 By Tier 1 Capital’ »
China and India are two of the largest fast-growing emerging countries with populations of over one billion each. After Independence from Britain in 1947, India became the world’s largest democracy with a closed economy primarily based on agriculture. In 1949, Communist leader Mao Zedong took control of whole of mainland China and established a communist …
Continue reading ‘China vs. India: Economy and Government Finances’ »
Biggest Defaulters on Mortgages Are the Rich The dogs of the TSX Will economic austerity kill gold’s bull market? Rich Europe, poor Europe Go for the gold Canada’s mysterious success is bad omen for U.S. Emerging Market Growth Gap to Widen, El-Erian Says: Tom Keene World Expo, Shanghai
Five of the worst US corporate disasters Public spending in ‘Doomsday’ cuts of 40% Vietnam Short on Dollars, and Confidence Debt Dangers World Recovery Continues, But Risks Increase, Says IMF Guess the world’s most profitable company How Malaysia got the upper hand Terracotta Army,Xi’an,Shaanxi Province, China