China now runs 4 of the world's 5 biggest banks

[crimemaster_gogo]

impossibruu! Congratulations China, day by day u guys are constructing a even more stronger country, I can sense the pride which the in house Chinese members feel.

I don't care if it's a democratic country or a communist as long as it beats world records every month.

 

[opruh]

Chinese banks are state-owned right, then that's a good thing those creepy western banksters can't touch the Chinese banks.

 

[EAsian]

??? No banks near me have failed in recent memory.

Haven't Lehman brothers bankrupted？US government choose to save freddie Mac but abandoned Lrhman brothers.Doesn't that teach you something？

 

[Hamartia Antidote]

Haven't Lehman brothers bankrupted？US government choose to save freddie Mac but abandoned Lrhman brothers.Doesn't that teach you something？

Yes, don't put your money in a big bank. At least not more than $250,000

BTW Lehman wasn't a "savings" bank. It was a Investment banking - Wikipedia, the free encyclopedia

"Unlike commercial banks and retail banks, investment banks do not take deposits."

 

[EAsian]

Yes, don't put your money in a big bank. At least not more than $250,000

BTW Lehman wasn't a bank.

Whatever.By the way，China has bigger banks because Chinese people like to save money in the bank.Don't get jealous.

 

[jammersat]

They're just there to bail countries like greece out

 

[ahojunk]

List of largest U.S. bank failures - Wikipedia, the free encyclopedia

Bank City State Date Assets at time of failure
Washington Mutual Seattle Washington 2008 $307 billion
Continental Illinois National Bank and Trust Chicago Illinois 1984 $40.0 billion
City Federal Savings and Loan Elizabeth New Jersey 1989 $39.8 billion
First Republic Bank Dallas Texas 1988 $32.5 billion
IndyMac Pasadena California 2008 $32 billion
American Savings and Loan Stockton California 1988 $30.2 billion
Colonial Bank Montgomery Alabama 2009 $25 billion
Bank of New England Boston Massachusetts 1991 $21.7 billion
MCorp Dallas Texas 1989 $18.5 billion
FBOP Corp banking subsidiaries Oak Park Illinois 2009 $18.4 billion
Gibraltar Savings and Loan Simi Valley California 1989 $15.1 billion
First City National Bank Houston Texas 1988 $13.0 billion
Guaranty Bank Austin Texas 2009 $13.0 billion
Downey Savings and Loan Newport Beach California 2008 $12.8 billion
BankUnited FSB Coral Gables Florida 2009 $12.8 billion
HomeFed Bank San Diego California 1992 $12.2 billion
AmTrust Bank Cleveland Ohio 2009 $12.0 billion
WesternBank Mayaguez Puerto Rico 2010 $11.9 billion
United Commercial Bank San Francisco California 2009 $11.2 billion
Southeast Bank Miami Florida 1991 $11.0 billion
Goldome Buffalo New York 1991 $9.9 billion
Imperial Federal Savings Assoc. San Diego California 1990 $9.6 billion
CenTrust Bank Miami Florida 1990 $8.2 billion
California National Bank Los Angeles California 2009 $7.8 billion
Corus Bank Chicago Illinois 2009 $7.0 billion
First Federal Bank of California Santa Monica California 2009 $6.1 billion
R-G Premier Bank of Puerto Rico Hato Rey Puerto Rico 2010 $5.9 billion
Columbia Savings & Loan Assn. Beverly Hills California 1991 $5.4 billion
Franklin Bank Houston Texas 2008 $5.1 billion
Silverton Bank Atlanta Georgia 2009 $4.1 billion
Imperial Capital Bank La Jolla California 2009 $4.0 billion
PFF Bank & Trust Pomona California 2008 $3.7 billion
Franklin National Bank New York New York 1974 $3.7 billion
La Jolla Bank La Jolla California 2010 $3.6 billion
Frontier Bank Everett Washington 2010 $3.5 billion
Amcore Bank Rockford Illinois 2010 $3.4 billion
First National Bank of Nevada Reno Nevada 2008 $3.4 billion
Riverside National Bank of Florida Fort Pierce Florida 2010 $3.4 billion
Midwest Bank and Trust Company Elmwood Park Illinois 2010 $3.2 billion
First National Bank, also operating as The National Bank of El Paso Edinburg Texas 2013 $3.1 billion
Superior Bank Birmingham Alabama 2011 $3.0 billion
TierOne Bank Lincoln Nebraska 2010 $2.8 billion
Irwin Union Bank and Trust Colorado. Columbus Indiana 2009 $2.7 billion
Orion Bank Naples Florida 2009 $2.7 billion
EuroBank San Juan Puerto Rico 2010 $2.6 billion
First Community Bank Taos New Mexico 2011 $2.3 billion
Integra Bank, NA Evansville Indiana 2011 $2.2 billion
ANB Financial Bentonville Arkansas 2008 $2.1 billion
First Regional Bank Los Angeles California 2010 $2.1 billion
ShoreBank Chicago Illinois 2010 $2.1 billion
Silver State Bank Henserson Nevada 2008 $2.0 billion
New Frontier Bank Greeley Colorado 2009 $2.0 billion
Georgian Bank Atlanta Georgia 2009 $2.0 billion
Vineyard Bank Rancho Cucamonga California 2009 $1.9 billion
Peoples First Community Bank Panama City Florida 2009 $1.8 billion
County Bank Merced California 2009 $1.7 billion
Hillcrest Bank Overland Park Kansas 2010 $1.6 billion
Advanta Bank Corp. Draper Utah 2010 $1.6 billion
CF Bancorp Port Huron Michigan 2010 $1.6 billion
Mutual Bank Harvey Illinois 2009 $1.6 billion
Community Bank of Nevada Las Vegas Nevada 2009 $1.5 billion
First Bank of Beverly Hills Calabasas California 2009 $1.5 billion
Temecula Valley Bank Temecula California 2009 $1.5 billion
New South Federal Savings Bank Irondale Alabama 2009 $1.5 billion
Community Banks of Colorado Greenwood Colorado 2011 $1.4 billion
Horizon Bank Bellingham Washington 2010 $1.3 billion
United States National Bank San Diego California 1973 $1.3 billion
Premier Bank Jefferson City, Missouri Missouri 2010 $1.2 billion
Broadway Bank Chicago Illinois 2010 $1.2 billion
Security Bank of Bibb County Macon Georgia 2009 $1.2 billion
Charter Bank Santa Fe New Mexico 2010 $1.2 billion
Alliance Bank Culver City California 2009 $1.1 billion
City Bank Lynnwood, Washington Washington 2010 $1.1 billion
Columbia River Bank The Dalles Oregon 2010 $1.1 billion
Community Bank and Trust Cornelia Georgia 2010 $1.1 billion
Integrity Bank Alpharetta Georgia 2008 $1.1 billion
Affinity Bank Ventura California 2009 $1.0 billion
Appalachian Community Bank Ellijay Georgia 2010 $1.0 billion

Wow! this is a very long list of failures.

There was more than 10,000 banks in China 10 years ago. The number have been reduced to 1000+ now.

As @AndrewJin says and I agree, it's better to have fewer large banks with many branches than many small banks with few branches.

In Australia, we have the big four - NAB, ANZ, Westpac and Commonwealth. These four banks have many branches.

 

[Sanchez]

Yes, don't put your money in a big bank. At least not more than $250,000

In China biggest banks are all owned by the state. Chinese government won't let the banks fail. On the other hand small or privately owned banks are risky. It's safer in China to deposit money of more than 500000yuan in big state owned banks than those privatey owned banks.

 

[Mariner3823]

Not just the largest banks, but these are the largest companies in the world.

ICBC has been the number 1 largest company in the world for several years now.

Thumbs uppppppp .. go ahead chinaaa ♥

 

[AndrewJin]

Wow! this is a very long list of failures.



As @AndrewJin says and I agree, it's better to have fewer large banks with many branches than many small banks with few branches.

In Australia, we have the big four - NAB, ANZ, Westpac and Commonwealth. These four banks have many branches.

Your money is safe!
ANZ also in China.

 

[Edison Chen]

There's approximately 7000 banks in the USA.

How many does China have? 150?

The banking system is different. China's commercial bank runs Headquarter—Branch—Sub Branch system.

Take ICBC for example, its headquarter locates in Beijing, it has more than 35 branches in capital cities of each provinces or other major developed cities. ICBC Beijing branch has more than 1000 sub-branches in Beijing, I guess, the assets and liability level of each of the little sub-branch equals one of those 7000 small banks in the U.S..

 

[jammersat]

Chinese mostly buy crap western assets , you see arabs buy the big names like barcelona and atletico madrid , the saudi king goes to the souhtern france and everyone has to evacuate , the chinese instead are planning on overwhelming the western economy by buying their crap

 

[Edison Chen]

Yes, don't put your money in a big bank. At least not more than $250,000

BTW Lehman wasn't a "savings" bank. It was a Investment banking - Wikipedia, the free encyclopedia

"Unlike commercial banks and retail banks, investment banks do not take deposits."

One of China's best investment bank ---- CITIC Securities - Wikipedia, the free encyclopedia

One of China's best private investment bank --- China Renaissance China Renaissance

 

[EAsian]

Chinese mostly buy crap western assets , you see arabs buy the big names like barcelona and atletico madrid , the saudi king goes to the souhtern france and everyone has to evacuate , the chinese instead are planning on overwhelming the western economy by buying their crap

We buy things we need such as mines ,industrial and high tech companies,not only to make money,but also for strategic purpose such as boosting local Chinese industry by foreign technology,making sure our energy and resource won't be cutted by our enemies,far better than some meaningless and brainless clubs.

 

[vtnsx]

Give me all of your money.