Top 1000 World Banks for 2009 by Tier 1 Capital
The Banker magazine released the Top 1000 world banks for 2009 based on their Tier 1 capital.
“For the first time in the Top 1000’s 39-year history, the top 25 banks – which account for almost 40% of the Top 1000’s Tier 1 capital and almost 45% of its total assets – recorded a loss, which totalled $32.37bn (-28.1% of Top 1000 profits). Stripping out the profits of the lower reaches of the Top 25 means that the top five banks fared even worse. Representing 13.4% of total Tier 1 capital and 12.3% of total assets, the top five banks lost a staggering $95.8bn (-83.3% of total profits).
The worst losses are at the UK’s Royal Bank of Scotland, with $59.3bn (including losses attributable to minority interests), followed by the US’s Citigroup, with $53bn, and Wells Fargo, which lost $47.7bn. The UK’s HBOS produced the sixth worst losses in the world (see table of worst losses).”
Astonishing. Here’s the Top 25 from the rankings:
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| Rank | Bank | Country | Ticker |
|---|---|---|---|
| 1 | JP Morgan Chase & Co | US | JPM |
| 2 | Bank of America Corp | US | BAC |
| 3 | Citigroup | US | C |
| 4 | Royal Bank of Scotland | UK | RBS |
| 5 | HSBC Holdings | UK | HBC |
| 6 | Wells Fargo & Co | US | WFC |
| 7 | Mitsubishi UFJ Financial Group | Japan | MTU |
| 8 | ICBC | China | |
| 9 | Credit Agricole Group | France | |
| 10 | Santander Central Hispano | Spain | STD |
| 11 | Bank of China | China | |
| 12 | China Construction Bank Corp | China | |
| 13 | Goldman Sachs | US | GS |
| 14 | BNP Paribas | France | BNPQY |
| 15 | Barclays Bank | UK | BCS |
| 16 | Mizuho Financial Group | Japan | MFG |
| 17 | Morgan Stanley | US | MS |
| 18 | UniCredit | Italy | |
| 19 | Sumitomo Mitsui Financial Group | Japan | SMFJY |
| 20 | ING Bank | Netherlands | ING |
| 21 | Deutsche Bank | Germany | DB |
| 22 | Rabobank Group | Netherlands | |
| 23 | Societe General | France | SCGLY |
| 24 | Agricultural Bank of China | China | |
| 25 | Intesa Sanpaolo | Italy | IITSF |
Source: TheBanker.com
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Source:
Top 1000 world banks 2009
Geraldine Lambe
The Banker, 24 June, 2009
http://www.thebanker.com/news/fullstory.php/aid/6703/Top_1000_world_banks_2009.html
June 28th, 2009 at 7:41 pm
And it ain’t over yet, as much as the banksters wish it were and want to convince us it is (for now).
June 28th, 2009 at 8:32 pm
Ritholtz, aren’t your “Libertarian leanings” talking to you and telling you all of these Top 1000 World Banks are controlled by just one bank, the Bilderberg Bank of New York on Fifth Avenue (as opposed to the one on Sixth), run by the publicly unknown and most secretive sixth Rockefeller brother, Spanky Rockefeller?
http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=spanky+rockefeller
On a serious note, Ritholtz, I have been looking you up lately and I must say I underestimated you for a year. I didn’t even know you were an attorney by training! I thought this blog’s main attraction were the commenters, but it’s you. Too bad the Warriors drafted Curry, buddy.
June 28th, 2009 at 9:13 pm
@BR: Thanks for the link. Interesting. Lots of info on the top tier banks.
In spite of our troubles here at home it seems our buds Goldman-Sachs and Morgan Stanley made it to the top 25 for the first time. Interesting.
Other than that the other piece I found most interesting is the Asian tiger is flexing it’s muscle in the top 25 as well.
The capital raising and asset info was also tres cool. I never would have guessed. And I don’t understand that either.
June 28th, 2009 at 10:58 pm
“Stripping out the profits of the lower reaches of the Top 25 means that the top five banks fared even worse.”
One implication of this statement is that several of the bailed out banks in the top 25 are holding market share that would have otherwise gone to banks in much better condition to hold said market share.
It’s amazing how inefficient the government can make markets.
June 28th, 2009 at 11:10 pm
@matt: agree totally. I suppose BR would also agree.
June 29th, 2009 at 12:15 am
I forgot to mention it was really interesting that the report also indicated that the top 25 have their highly leveraged casino operations running at full tilt, in spite of….. Otherwise their ROA would be even worse.
June 29th, 2009 at 9:41 am
I’m thinking in this case “top bank” might be a little misleading eh?
June 29th, 2009 at 10:30 am
This doesn’t make me feel better….
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/5675198/Chinas-banks-are-an-accident-waiting-to-happen-to-every-one-of-us.html
June 29th, 2009 at 7:11 pm
[...] The People’s Daily has historically been a mouthpiece for the central government, reflecting the views of China leadership and the future path policy will likely take. While some say the paper has lost some of its relevance as China emerges as a free economy, the words are still sobering and worth considering. From an investment standpoint, there is danger not just in the China financial sector, but also in infrastructure companies with projects financed by these banks. Other Articles of Interest Baidu Vulnerable to Market Swoon Three Investments Benefiting from Cap and Trade Naked Capitalism – China Banks “Accident Waiting to Happen” Ritholtz: Top World Banks for Tier 1 Capital [...]