Friday, March 6, 2009
The tottering giant
Another great Alice chart, which tracks total assets of the UK banking system since the early 1990s. "Back in 1991, UK banks had assets totalling ₤1.2 trillion. In the intervening 18 years, the sector has grown by 501 percent. It has averaged a growth rate of almost 2.5 percent a quarter, which is around 10 percent a year."