MANY people complain that the finance industry has barely suffered any adverse consequences from the crisis that it created, which began around ten years ago. But a report from New Financial, a think-tank, shows that is not completely true.
The additional capital that regulators demanded banks should take on to their balance-sheets has had an effect. Between 2006 and 2016, the return on capital of the world’s biggest banks has fallen by a third (by more in Britain and Europe). The balance of power has shifted away from the developed world and towards China, which had four of the largest five banks by assets in 2016; that compares with just one of the biggest 20 in 2006. Read Article: https://www.economist.com/news/finance-and-economics/21730157-buddy-can-you-spare-daimler-finance-industry-ten-years-after-crisis Comments are closed.
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Ronald Luyo
Ronald Luyo is a wealth manager, tennis player and event planner living in New York City. Archives
April 2017
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