The Financial Stability Board (FSB) has published the list of global banks that are too-big-to-fail. These banks are required to hold as much as 2.5% more capital than other banks by the end of 2012. The 29 global systemtacially important banks are: Bank of America Corp.(BAC) Bank of China Ltd. (BACHY) Bank of New York …
Foreign banks have a strong presence in some emerging countries. In a few of those countries they dominate the local banking market more than the domestic banks. The following chart shows the foreign ownership in select Emerging Market and Developing Economies (EMDEs): Click to enlarge It is interesting to note that foreign banks own …
Continue reading ‘Importance of Foreign Banks to Select Emerging Countries and Vice Versa’ »
Many large U.S. banks were bailed out with tax payers’ funds during the Global Financial Crisis (GFC). Since then these banks have gotten even bigger by acquisitions and decline in competition as struggling smaller banks are left to fail by Uncle Sam. These small group of elite institutions aka known as “Systemically Important Financial Institutions” …
The Global Finance magazine has published its annual ranking of the world’s biggest banks for this year based on total assets the end of 2010. The top 50 banks hold assets of just over $61 Trillion. China’s banks continue to grow in size. This year, ICBC, China’s biggest bank entered the top 10 ranks by …
Continue reading ‘The World’s 50 Biggest Banks by Assets for 2011’ »