By Sudhanshu Raheja
Here is an unsettling picture from Bloomberg which shows how much the market capitalization of the major banks have shrunk in the last two years. (Click the link to view the full image)
Citibank and RBS look really bad, falling by almost 92.5% and 96.2%.
Interestingly, among this lot, HSBC has the maximum market cap these days, followed by JP Morgan and Sant ander.
Luckily market cap is not something startups have to worry about!
Gyaan Sutra is about entrepreneurship and technology. It is written and maintained by Sudhanshu Raheja, who is also the founder of Vercingetorix Technologies
1 Response to How the banks have shrunk
Jhangora
March 21st, 2009 at 6:01 pm
I am not at all surprised by this analysis. Citibank is considering doing a reverse split of it’s stocks to make the books look good.