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Rbs Posts Eighth Largest Loss In World But Is Fourth Largest Bank

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http://www.telegraph.co.uk/finance/newsbysector/epic/rbs/7861918/RBS-posts-eighth-largest-loss-in-world-but-is-fourth-largest-bank.html

Four British lenders feature in the top 15, including HSBC, Barclays and the state-backed Lloyds Banking Group, demonstrating that the UK remains the second most powerful banking nation globally after the US.

RBS, now 83pc-owned by the taxpayer, comes one place higher than HSBC, whose ranking is also unchanged. Bank of America Merrill Lynch has overtaken JP Morgan Chase to be the world's biggest lender. Citigroup is third. Barclays is tenth largest and Lloyds, 40.8pc taxpayer-owned, is 12th. Capital is used as a proxy for the sustainable size of the balance sheet.

Despite RBS's capital ranking, it posted the eighth largest loss in the world last year, of $4.37bn – although it is expected to return to profit in 2012. Anglo Irish Bank was the worst performer with an $18.5bn loss.

Britain's pride was restored by Barclays, which was the fourth most profitable bank in the world behind Industrial & Commercial Bank of China, China Construction Bank and Goldman Sachs. HSBC was the 16th most profitable and Standard Chartered the 23rd best performer.

China remained the coming force in banking with 84 lenders in the top 1000, contributing a staggering 25pc of total profits.

And some people on here think the taxpayer has been left with a dud.....

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  • 153 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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