[lbo-talk] The Canadian banking model

Doug Henwood dhenwood at panix.com
Sun Mar 1 10:53:03 PST 2009


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



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