The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Bank atlas 2002: Banks focus on cost

Deutsche and HypoVereinsbank are the biggest risers in the latest bank rankings by shareholders' equity. Fewer mergers make the size rankings stable. Unfortunately banks' earnings have been anything but.

 Bank atlas 250 - results tables:
 
1 to 55

 56 to 112

 113 to 170

 171 to 224

 225 to 250


methodology


Last year was a rotten one for most banks, as corporate lending, equity underwriting and merger activity sagged. Fifteen of the top 20 banks saw profits fall year on year, 10 of these by double-digit amounts. Net income fell for 30 out of the 42 largest US firms in the table; for 32 out of 41 Japanese, and all but one of the 16 Italian financial groups indicated. With revenue growth in trouble, banks are looking to pare costs - for which read redundancies.


Following the Bank Austria acquisition, HypoVereinsbank rockets up the rankings of largest banks by shareholders' equity to ninth place. Deutsche is now contesting fifth place with JPMorgan Chase but takes a big hit on profits as provisions against the third-quarter losses of DaimlerChrysler.


For the third year in a row Citigroup is the largest bank in the world, as measured by shareholders' equity. It is also one of the most profitable, with a cracking $14.1





You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree