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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: CalculatedRisk who wrote (71783)2/9/2007 9:12:40 PM
From: regli of 306849
 
"lending practices by lower-tier, unregulated banks had caused many of the current problems"

Is HSBC a "lower tier bank"? ROFLOL. I think they are the largest bank in world (or one of the largest).


Yup. You are exactly correct:

en.wikipedia.org
Top ten banking groups in the world ranked by Tier 1 capital

Figures in U.S. dollars, and as at end-2005[2]

1. HSBC — 79 billion
2. Citigroup — 75 billion
3. Bank of America — 73 billion
4. JP Morgan Chase — 72 billion
5. Mitsubishi UFJ Financial Group — 64 billion
6. Credit Agricole Group — 60 billion
7. Royal Bank of Scotland — 48 billion
8. Sumitomo Mitsui Financial Group — 40 billion
9. Mizuho Financial Group — 39 billion
10. Santander Central Hispano — 38 billion

[edit] Top ten banking groups in the world ranked by assets

At the end of 2006 HSBC had 1730 billion while Mitsubishi UFJ Finl. had 1700 and citigroup 1630 billion assets. Figures in U.S. dollars, and as at end-2004[3]

1. UBS — 1,533 billion
2. Citigroup — 1,484 billion
3. Mizuho Financial Group — 1,296 billion
4. HSBC Holdings — 1,277 billion
5. Credit Agricole Group — 1,243 billion
6. BNP Paribas — 1,234 billion
7. JPMorgan Chase & Co. — 1,157 billion
8. Deutsche Bank — 1,144 billion
9. Royal Bank of Scotland — 1,119 billion
10. Bank of America — 1,110 billion
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