[lbo-talk] The Canadian banking model

[Doug Henwood]

On Mar 1, 2009, at 1:00 PM, Jordan Hayes wrote:


> Don't we really have that now?  Sure, there's ~6000 banks, but the  
> top 5 account for something like 90% of the asset base ...

No, less than 60%.

                                cumulative

                            -------------------

                   assets    assets   % of tot
Citi              2,050     2,050     15.1%
Bank of Amer      1,831     3,881     28.6%
JPM Chase         2,251     6,132     45.2%
Wells Fargo       1,404     7,536     55.5%
HSBC                493     8,029     59.2%

total (FDIC)               13,573

And a lot of that concentration is quite recent. Check out this  
comparison table, covering the period 1980-97:

<http://siteresources.worldbank.org/INTRES/Resources/469232-1107449512766/BankConcentrationAppendixJBFdata-web.pdf 

 >

Top 3 in U.S., 19%. Vs. Canada's 59%, and Sweden's 89%.

Doug