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Unformatted text preview: www.federalreserve.gov/ TABLE 1–7 Top Global Banks Banks Source: “Top 50 Global Banks,” The Banker, February 2001. www.thebanker.com 1. 2. 3. 4. 5. 6. Home Country American Express Bank Standard Chartered UBS Investec Credit Suisse Group Deutsche Bank United States United Kingdom Switzerland South Africa Switzerland Germany Percentage of Overseas Business* 80.9% 79.2 76.8 74.2 72.9 64.4 *Overseas business refers to the percentage of assets banks hold outside their home country. Dai-Ichi Kangyo Bank in 2000 created the world’s largest banking group, Mizuho Financial Group, with assets of over $1,394 billion.25 Concept Questions 1. Is the share of bank and thrift assets growing as a proportion of total FI assets in the United States? 2. What are the fastest growing FIs in the United States? 3. Define privately placed securities. 4. Describe the global challenges facing U.S. FIs in the early 2000s. 25 It might also be noted that regulation is becoming more international as well—especially in Europe. See, for example, X. Vives, “R...
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