European banks have dramatically lost ground in global banking, Deutsche Bank notes. In an analysis the world’s 25 largest banks, they found that before the start of the financial crisis European banks accounted for nearly half of the aggregated market cap. That share has now fallen to only 17.5%.
In contrast, U.S. institutions also slumped dropping to only a 22% share of the global market cap in 2009, but then rebounded back up to 31% today. At $2.8 trillion, the total market cap of the top 25 global banks has grown from its trough during the crisis and is not far off the all-time peak of $3.1 trillion. But the market cap of the top 25?s European banks has plunged to only $492 billion.
Tollymore Investment Partners 2Q20 Letter: ESG ≠ sustainable investing
Tollymore Investment Partners letter to investors for the second quarter ended June 30, 2020. Q2 2020 hedge fund letters, conferences and more Dear partners, Tollymore generated returns of +19% in the first six months of 2020, net of all fees and expenses. Investment results since inception are shown below: Tollymore's Raison Detre Tollymore is a Read More