US-based Wells Fargo(WFC) has come the world’s valuable bank bank based on market capitalization, according to an article in The Wall Street Journal today. Wells Fargo exceed the market capitalization of ICBC (IDCBY) of China recently. Click to enlarge Source: Wells Fargo & Co. Is the Earth’s Most Valuable Bank, The Wall Street Journal, July 22, 2015 …
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Ever since the Global Financial Crisis of 2008-09, some investors have avoided bank stocks. However that need not be the case as most banks have cleaned up their balance sheets and are in a much healthier shape now. In fact, on a global level US banks are stronger now than their developed world peers. The …
In October of last year the European Banking Authority published the results of its stress test results of European banks. Most of the banks studied by the agency passed the test with only 13 identified to need extra capital including Banca Monte dei Paschi di Siena SpA of Italy, National Bank of Greece(NBG). From a Journal …
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Doral Financial (DRL) was shutdown by the FDIC on Friday Feb 27th, 2014. It was one of the largest banks in Puerto Rico and struggled to survive for many years.Bank closures have declined substantially since the financial crisis and so far this year only four have failed according to data by the FDIC. When its stock …
In many countries across the world banking industry is dominated by a handful of banks. These banks are the largest in those countries based on factors like market capitalization, market share of deposits, home mortgages, etc. In a few countries just four banks dominate the industry. These banks are called as the “Big Four”. According …
Continue reading ‘A Note on the “Big Four” in Four Countries’ »