Tuesday, June 23, 2020

Which banks are too big to fail?

The technical term is Global Systemically Important Financial Institutions, and here is the list by tiers, where higher is more important.  I also think it is interesting where these are headquartered.

Tier Four:
JP Morgan Chase (New York)

Tier Three:
Citigroup (New York)
HSBC (London)

Tier Two:
Bank of America (Charlotte, NC)
Bank of China (Beijing)
Barclays (London)
BNP Paribas (Paris)
Deutsche Bank (Frankfurt)
Goldman Sachs (New York)
Industrial and Commercial Bank of China (Beijing)
Mitsubishi UFJ FG (Tokyo)
Wells Fargo (San Francisco)

Tier One:
Agricultural Bank of China (Beijing)
Bank of New York Mellon (New York)
China Construction Bank (Beijing)
Credit Suisse (Zurich)
Groupe BPCE (Paris)
Groupe Crédit Agricole (Paris)
ING Bank (Amsterdam)
Mizuho FG (Tokyo)
Morgan Stanley (New York)
Royal Bank of Canada (Toronto)
Santander (Boston)
Société Générale (Paris)
Standard Chartered (London)
State Street (Boston)
Sumitomo (Tokyo)
Mitsui FG (Tokyo)
Toronto Dominion (Toronto)
UBS (Zurich)
UniCredit (Milan)
Source: https://www.fsb.org/wp-content/uploads/P221119-1.pdf



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