Join our investing community

The World's 29 Too Big To Fail Banks

Discussion in 'Finance & Banking' started by Tropo, 9th Nov, 2011.

  1. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,396
    Location:
    NSW
  2. Chris C

    Chris C Well-Known Member

    Joined:
    2nd Apr, 2008
    Posts:
    1,327
    Location:
    Brisbane, QLD
    Probably need to add the big four aussie banks to that list - they all have assets that are as big as those mentioned.

    Westpac has assets even larger than a couple of those banks mentioned.

    I actually went away and did the maths on it and it turns out that the assets of the big four banks are three times the entire country's GDP...

    Makes me think if the Australian banks hit trouble not only are they too big to fail, they are too big to save...
     
  3. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,396
    Location:
    NSW
    "Makes me think if the Australian banks hit trouble not only are they too big to fail, they are too big to save..."

    Good one ;)
    Question is how much truth is in all those statements, numbers etc...:eek: