I came across this link today and found it quite amusing considering that I used to work for one of the Banks and was cognizant of the debate surrounding the call to merge in order to better compete in global financial markets, blah blah blah.
A Canadian entrant on the list is noticeably absent. How disappointed must the Big 5 be by this omission considering that they all have market caps (save for CIBC at US$24.8 billion) greater than Germany's Commerzbank (US$27.2 billion or €21.3 billion), which rounds out the list at #10?
OK, fine, so maybe size isn't everything. I'm sure there are other qualitative measures, like, perhaps Commerzbank has a better PR department. I suppose it's all for the best. Who wants to be compared to David Hasselhoff anyway?
No comments:
Post a Comment