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China now runs 4 of the world's 5 biggest banks
China has become a banking powerhouse. Four of the five largest banks in the world are Chinese, according to SNL Financial's latest global bank rankings. It's a big change from the past few years when only two Chinese banks made the top five. Beijing-based Industrial & Commercial Bank of China holds the top spot with assets valued at $3.5 trillion. That means the bank is worth more than the entire value of the British economy. The only non-Chinese bank remaining in the top five is HSBC, which is headquartered in London. It fell several spots to position No. 4 this year. The top U.S. bank is JPMorgan Chase (JPM), which ranks sixth with ... (full story)
I got hit with my Eur/Usd long yesterday; still long Gbp/Usd. Long Eur/Usd AGAIN.
Have an awesome day...............
China has become a banking powerhouse. Four of the five largest banks in the world are Chinese, according to SNL Financial's latest global bank rankings. It's a big change from the past few years when only two Chinese banks made the top five. Beijing-based Industrial & Commercial Bank of China holds the top spot with assets valued at $3.5 trillion. That means the bank is worth more than the entire value of the British economy. The only non-Chinese bank remaining in the top five is HSBC, which is headquartered in London. It fell several spots to position No. 4 this year. The top U.S. bank is JPMorgan Chase (JPM), which ranks sixth with ... (full story)
I got hit with my Eur/Usd long yesterday; still long Gbp/Usd. Long Eur/Usd AGAIN.
Have an awesome day...............
