Interactive FT Map Shows Europe's Banking Giants

Friday, October 03, 2008

The Financial Times has a highly useful interactive map of Europe's banking giants and lists their assets in relation to the GDP of their respective home countries. 11 European banks hold assets exceeding their country's GDP by up to six times, the map shows.
Icelandish Kaupthing bank tops the list with €53 billion in assets. That is 6.23 times the GDP of Iceland.
Second comes Swiss UBS with €1,424 trillion in assets. That is almost 5 times the Swiss GDP.
A look at the map explains why European governments and the ECB are keen not to let one of these giants fail as the ripples would almost immediately reverberate through the economy and sink their counterparties.
Check out the map here.


Wikinvest Wire