The turmoil in Greece is having an impact on financial markets throughout the eurozone, but this impact may be felt greater in its five neighbours where Greek banks have a particularly large presence: Albania, Bulgaria, Macedonia, Romania and Serbia.
UK banks continue to lose their global position as Chinese banks power ahead, according to The Banker’s latest ranking of Top 1000 banks. HSBC fell from fifth place to ninth, Barclays from 12th to 13th and Royal Bank of Scotland from 15th to 18th as they restructured and slimmed down in the wake of the financial crisis. The ranking is based on capital strength.