The words ‘too big to fail’ might have been coined during the various bail out’s of the 2008/2009 financial crisis, but little seems to have changed in the last 5 years. In fact the concentration of financial power seems to be increasingly in the hands of a few key institutions which control the global financial markets.
Data provider SNL Financial found that the five largest banks in the United States own 44% of the industry’s total assets. That compares with 1990, when 9.67% of the industry’s total assets came from the top five banks, a total of $457.92 billion.
J.P. Morgan, Bank of America, Citibank, Wells U.S. Bank held $6.46 trillion in assets as of the third quarter of 2013, whilst the thousands of companies in the rest of the U.S. banking industry, held a total of $8.15 trillion.
In the UK, Lloyds Banking Group and Royal Bank of Scotland still remain in government hands, whilst HSBC has £1.7 trillion of assets and Barclays £1.6 trillion.
Blackrock is the biggest investor in the world with $4.1 trillion of directly controlled assets. The $15 trillion of assets on its Aladdin platform equates to 7% of all the shares, bonds, loans globally $225 trillion. It is the largest shareholder in half of the world’s top 30 companies. Established in 1988 by group of Wall Street Veterans led by Larry fink, originally part of Blackstone, sold in 1994 and floated in 1999.
Contrarian Investor UK
IMPORTANT
The posts I make are in no way meant as investment suggestions or recommendations to any visitors to the site. They are simply my views, personal reflections and analysis on the markets. Anyone who wishes to spread bet or buy stocks should rely on their own due diligence and common sense before placing any spread trade.
by contrarianuk
Big banks still “Too big to Fail”
Jan 5, 2014 at 8:54 am in Market Commentary by contrarianuk
The words ‘too big to fail’ might have been coined during the various bail out’s of the 2008/2009 financial crisis, but little seems to have changed in the last 5 years. In fact the concentration of financial power seems to be increasingly in the hands of a few key institutions which control the global financial markets.
Data provider SNL Financial found that the five largest banks in the United States own 44% of the industry’s total assets. That compares with 1990, when 9.67% of the industry’s total assets came from the top five banks, a total of $457.92 billion.
J.P. Morgan, Bank of America, Citibank, Wells U.S. Bank held $6.46 trillion in assets as of the third quarter of 2013, whilst the thousands of companies in the rest of the U.S. banking industry, held a total of $8.15 trillion.
In the UK, Lloyds Banking Group and Royal Bank of Scotland still remain in government hands, whilst HSBC has £1.7 trillion of assets and Barclays £1.6 trillion.
Blackrock is the biggest investor in the world with $4.1 trillion of directly controlled assets. The $15 trillion of assets on its Aladdin platform equates to 7% of all the shares, bonds, loans globally $225 trillion. It is the largest shareholder in half of the world’s top 30 companies. Established in 1988 by group of Wall Street Veterans led by Larry fink, originally part of Blackstone, sold in 1994 and floated in 1999.
Contrarian Investor UK
IMPORTANT
The posts I make are in no way meant as investment suggestions or recommendations to any visitors to the site. They are simply my views, personal reflections and analysis on the markets. Anyone who wishes to spread bet or buy stocks should rely on their own due diligence and common sense before placing any spread trade.