Friday, March 6, 2009

The tottering giant

UK banking sector - 5.3 times GDP

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."

Posted by inflationwatch @ 04:13 PM (595 views)
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