The world of banking has changed dramatically in 5 years
This from The Economist paints a very visual picture of immense change in the banking industry in 5 short years.
Some things that leap out indicating global shifts in financial power:
- US banks have significantly re-capitalised and assets are flat suggesting significant write offs
- Europe banks have shrunk in assets indicating massive write offs and have re-capitalised
- Asian banks have grown both assets and capital