The Financial Stability Board (FSB) unveiled a range of policy measures to address “systemically important financial institutions” (Sifis) — or as Bill Black terms them, “systemically dangerous institutions (SDIs).”

They also released a full report, seen in the Think Tank (its a big PDF, give it a moment to load).

Here are the 29 global banks that the FSB considers systemically dangerous institutions:

Belgium: Dexia
China: Bank of China
France: Banque Populaire, BNP Paribas, Crédit Agricole, Société Générale
Germany: Commerzbank, Deutsche Bank
Italy: Unicredit
Japan: Mitsubishi, Mizuho, Sumitomo Mitsui
Netherlands: ING
Spain: Santander
Sweden: Nordea
Switzerland: Credit Suisse, UBS
UK: Barclays, HSBC, Lloyds, Royal Bank of Scotland
US: Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JP Morgan, Morgan Stanley, State Street, Wells Fargo

Category: Bailouts, Credit, Regulation

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

8 Responses to “29 Systemically Dangerous Global Banks”

  1. Moss says:

    Black is too kind. These banks are more like systemically corrupt institutions. (SCI).
    Each has a rap sheet longer than any individual could ever amass.
    They could ALL be charged under RICO.

    http://www.nytimes.com/2011/11/08/business/in-sec-fraud-cases-banks-make-and-break-promises.html?emc=eta1

  2. rktbrkr says:

    What about Ally Old GM ResCap – and remember the Ditech ads?

    Once one of these banks ditches their Mortgage sub into BK there will be more ditchings than an icy interstate loaded with tractor trailers. Individually they may not be systemic but taken together they are.

    http://www.reuters.com/article/2011/11/02/ally-idUSN1E7A105620111102

  3. Marcus says:

    To reinforce your point, I calculated the collateralized debt of seven questionable international banks: Allied Irish Banks, Commerzbank AG, Lloyds Banking, Mitsubishi UFJ, Mizuho Financial, National Bank of Greece, UniCredit SpA. Using online financials for the last reporting period and subtracting listed debt from listed assets (cash), the net was -$940B.

    Assuming half of this amount is sovereign debt of challenged countries, or other potentially troubled assets, that is half a trillion dollars that are at real risk to pull a Lehman or be tied up. All of these banks trade under $5 a share.

    If you see 3-4 days of double-digit losses in these and other international bank shares, sell everything and buy physical gold.

    Where is Meredith Whitney when we need her?

  4. DeDude says:

    If they are dangerous – kill them. Preemptive strikes are better than cleaning up the mess.

  5. acblair says:

    So why has no one mentioned Trust Busting? I could be wrong, and please if someone knows why this would not work comment? But it seems like all of these Banks and other financial groups have gotten too big for their own good, and the country and worlds own good.

  6. True story: bailouts cause banks to take more risk. We suspected, but now there’s hard evidence:
    http://financeaddict.com/2011/11/hard-evidence-bailed-out-banks-take-more-risk/

  7. [...] Board, Unicredit fa parte delle 29 grandi banche di sistema che rappresentano, in questo momento, un possibile rischio importante per l’economia [...]

  8. lphebert says:

    I believe that the link is wrong.

    Try http://www.financialstabilityboard.org/publications/r_111104bb.pdf

    The title is “Policy Measures to Address Systemically Important Financial Institutions ”

    Nice to see my old employer there … ING Bank