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.
Via: floatingpath.com
