Half of the World's Too Big to Fail Banks Are in a Bear Market
- Of 30 SIFIs, 15 are down 20% or more from most recent peak
- No U.S. financial institutions are on the bear market list
Photographer: Martin Leissl/Bloomberg
This article is for subscribers only.
If a bear market is considered failing in equities, then half of the “too big to fail” financial institutions across the globe aren’t succeeding.
There are 30 banks that qualify as systemically important financial institutions (SIFI), according to the Financial Stability Board’s most recent list. Half have seen their stocks fall at least 20 percent from the most recent peaks, according to a Bloomberg analysis. Notably, no large U.S.-based banks make the list.