Banks across western Europe are prospering as higher interest rates have boosted profitability, even as economic challenges continue to weigh on some countries in the region.
HSBC maintains its long-standing position at the top of the western Europe regional table, with its Tier 1 capital growing by 4 per cent to reach $144.2bn last year. However, it dropped one position in the global Top 1000 ranking, to 11th place, resulting in the top 10 list now being occupied exclusively by US and Chinese names.
