Sunday, July 05, 2009

Hmmm...How 'Bout That?

The banks that were most profitable in 2008 were (primarily) Chinese.


Imagine that.

3 comments:

Hot Sam said...

Those Chinese banks are heavily into Construction and Development loans in their own nation. If their economic growth continues, they'll be all right. If they falter, their banking sector will crash just like ours. The deciding factor for that will be our recovery which doesn't look too promising.

Who knows how many CRE loans they've made in the US which will soon come tumbling down.

Ryan said...

No... I think some of those banks are Argentinian. If you've noticed, all the banks with losses are all western, and the ones profiting are in the developing world.

Oh, dear.

Simon said...

RBC, Barclays, and HSBC aren't exactly Chinese...