How much has banking changed? – value of banks from 2007 to today
The market capitalization of banks has shrunk remarkably over the last two years. ( Market cap is the worth of a publicly traded company. ) Below we provide a point of comparison for the latest data available as of this morning (2/20/2009). The outer circle is the market cap of the largest banks in 2007, and the inner circle is size of the bank as of today. Both data points are in Billions of dollars.
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