Financial Times FT.com

Are European banks too big to fail?

By Cynthia O’Murchu and Emma Saunders

Published: September 30 2008 18:46 | Last updated: October 7 2008 18:16

Some banks are bigger than governments: their assets are greater than their home countries’ economies. The chart below shows the size of major European banks as a proportion - or multiple - of their home countries’ GDP. This measure illustrates the comparative sizes of business and governments. (Please note the graphic gives only a basic comparison: the asset values refer to the whole bank, and should not be viewed as contributing toward any particular economy.)

Updated: Now shows tier 1 capital ratios for each bank, and household debt levels as percentage of GDP.

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