2016 Postmortem
In reply to the discussion: Hillary Clinton opposes breaking up the megabanks, opposes reinstating Glass-Steagall [View all]Sancho
(9,078 posts)Breaking up US banks would do nothing. Closing tax loopholes might help.
https://en.wikipedia.org/wiki/List_of_largest_banks
1 China Industrial & Commercial Bank of China (ICBC)
2 China China Construction Bank Corporation
3 United Kingdom HSBC Holdings
4 China Agricultural Bank of China
5 United States JPMorgan Chase & Co.
6 France BNP Paribas
7 China Bank of China
8 Japan Mitsubishi UFJ Financial Group
9 France Crédit Agricole Group
10 United Kingdom Barclays PLC
11 United States Bank of America
12 -Germany Deutsche Bank
13 United States Citigroup Inc
14 Japan Japan Post Bank
15 United States Wells Fargo
16 Japan Mizuho Financial Group
17 United Kingdom Royal Bank of Scotland Group
18 China China Development Bank
19 France Société Générale
20 Spain Banco Santander
http://www.huffingtonpost.com/2013/04/29/wealthy-stashing-offshore_n_3179139.html
Global Super-Rich Stashing Up To $32 Trillion Offshore, Masking True Scale Of Inequality: Study
The global super-rich are stashing trillions of dollars offshore with the help of some of the world's biggest banks, putting billions of dollars out of the taxmans reach and masking wealth inequality's true heights.
Wealthy people were hiding between $21 and $32 trillion in offshore jurisdictions around the world as of 2012, according to a 2012 study from the Tax Justice Network, an organization which aims to promote tax transparency. The study, highlighted by a recent Bloomberg News report, found that more than $12 trillion of that money was managed by 50 international banks, many of which received bailouts during the financial crisis, according to James Henry, the studys author.
Theres a lot more missing wealth in the world than we had known about from previous estimates, Henry told The Huffington Post. The real scandal is not all these individual scandals but the fact that worlds policy makers who know about this stuff, have basically done nothing.