I believe it must be a joke saying that Citi bank is in 16th position and no news about HSBC. Dont make us fool as we know what is true. IF you want to know the correct figures then I am pretty sure there are many banks in the list not even will come in top 20. Take it as SocGen, a bank which is suffering $12.4 billion loss in internal trading by their own employee, who got 6 years prisonment. After then, HSBC was trying to acquire this bank with $108 billion bid. It didnt happen because France govt. didnt allow foreign players to participate or else things would ve been different, now it is selling it's CMP equities in the market 20% lower than it's listed price in the DAX 40 to aspire some urgent cash due to their huge cash shortage. And, UBS who already write down it's $18.4 billion subprime losses and hiding correct information to their investors, and European Union doing investigation into this, that was the main reason why this bank was not allowed by RBI to enter into Indian market and invest in various sectors. If I will write then it will go on and on. These are the craps saying Citi bank is in 16th position and HSBC who got $24.42 billion profit in Gross ($19.36 billion net profit in 2007 financial year) is no where..where all these banks are showing year end losses in billions.
Check out in Forbes.com, FT.com (Financial Times)or Bloomberg the real market leaders in financial information provider not that Bankersalmanac.com.. It's really a joke..ha ha
