Each year, The Banker magazine (to which I contribute a monthly column) publishes their list of the Top 1000 banks. It's a great research resource that I've been tracking since 1994, when half the banks in the top 10 were Japanese. Now, half of them are Chinese. Ten years ago, they were all American (apart from a few token Europeans).
Twenty years ago, they all wanted to be dominant in their territories. Today, they want to dominate their regions. Ten years ago, they wanted to dominate the world.
The latest top 10 list makes for interesting reading however, as we see the Chinese banks rising to be the stablest today ...
... I just wonder, with shadow banking and non-performing loans, whether these Chinese banks will still be in the top 10 ten years from now?
Anyways, the list is one that I could spend hours talking about but, rather than doing so, I'll let The Banker's very own Brian Caplen and Philip Alexander do the talking.