Global Banks

There are financial institutions considered ‘systemically important,’ so called because their failure can imperil the financial system as a whole. For this reason, they are also known as global banks ‘too big to fail.’
Opinión
International analyst and consultant. Commentator on economic and financial issues for CNN en Español TV and radio. Former Director, UNECLAC.
2016-06-22T12:31:14-04:00

They say a picture is worth a thousand words. Below is a table describing the financial institutions considered “systemically important,” so called because their failure can imperil the financial system as a whole. For this reason, they are also known as global banks “too big to fail.” As shown below, these banks control an average of around half of all banking assets in some of the most advanced economies and China. The figures are drawn from a press release issued, on June 16, by the Bank for International Settlements, an organization dedicated to promote cooperation among the world’s central banks, headquartered in Basel, Switzerland.


Systemically Important Banks
These banks control an average of around half of all banking assets in some of the most advanced economies and China. Figures in billions of Euros.
Country/BanksTotal BanksTotal AssetsNumber and Names of Global BanksGlobal Banks Assets% of total assets
CHINA: 1,05424,515(4) Agricultural, Bank of China, Construction, Industrial and Commercial10,89145
EUROPEAN UNION (Seven member countries)4,48433,263France: (4) BNP Paribas, Groupe BPCE,Groupe Crédit Agricole, Société Générale, Germany: (1), Deutsche Bank, Italy: (1), Unicredit Group, Netherlands:(1), ING Bank, Spain: (1) Santander, Sweden: (1) Nordea, UK: (3) Barclays, HSBC, Standard Chartered16,96550
JAPAN12311,109(3) Mitsubishi, Mizuho,Sumitomo- Mitsui5,12744
2684,122(2) Credit Suisse, UBS1,88745
USA52818,514(8) JPMorgan Chase, Citigroup,Bank of America, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street, Wells Fargo9,46650
FUENTE: Bank for International Settlements, November 2015 | UNIVISION

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