[caption id="" align="alignnone" width="240" caption="El Banco Santander SPAIN"]
[/caption] Forex trading, what if these banks failed? What is the holdings of the largest banks to the GDP of the countries they are in. For instance in Switzerland the top two banks, UBS and Credit Suisse, account for nearly 600% of the country's GDP. These numbers are from Zero Hedge:
- Belgium - Dexia: 180%of GDP
- France - BNP Paribas, Credit Agricole, SocGen: 237% of GDP
- Germany - Deutsche Bank: 84%
- Italy - Unicredit, Intesa Sanpaolo: 101%
- Netherlands - Fortis: 155%
- Spain - Banco Santander: 92%
- UK - RBS, Barclays, HSBC: 337%
Compare that to the top 5 banks in the US (a list which excludes hedge funds such as Goldman Sachs).
- US - JP Morgan, Citigroup, Bank of America, Wells Fargo and Fannie: just 56% of GDP.
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