Unfortunately for the researchers, they could only work with data from 2007 and back.... which means their list of 'players' is a bit dated.... From
a conspiratorial view, it also means that the playing field has changed enough that this information may not seem threatening to their entrenched
positions of control....
Here's a brief 'vanilla flavored' breakdown of some of the key players (extracted from the sample illustration provided for the release):
(Just for the thrill of formatting.. i will highlight all nations and regions mentioned in bold
and will underline
references to other
banks or financial institutions)
Franklin Resources Inc.
NYSE: BEN is a holding company which, together with its subsidiaries, is referred to as Franklin Templeton
; it is an investment firm originally founded in New York in 1947 as Franklin Distributors, Inc.
is the second-largest bank in Germany
, after Deutsche Bank, headquartered in Frankfurt am Main. Commerzbank is mainly
active in commercial bank, retail banking and mortgaging.
The Credit Suisse Group AG
(SIX: CSGN, NYSE: CS) is a Swiss multinational financial services company headquartered in Zurich, with more than
250 branches in Switzerland
and operations in more than 50 countries.
Deutsche Bank AG
(literally "German Bank"; pronounced [ˈdɔʏtʃə ˈbaŋk]) is a global financial service company with its headquarters in
. The investment bank division is head-quartered in London, United Kingdom
. The bank employs more than 100,000 people
in 74 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets
. With a market share of 21 percent,
Deutsche Bank is the largest foreign exchange dealer in the world.
(LSE: BARC, NYSE: BCS) is a global banking and financial services company headquartered in London, United Kingdom
. As of
2010 it was the world's 10th-largest banking and financial services group and 21st-largest company according to a composite measure by Forbes
magazine. It has operations in over 50 countries and territories across Africa, Asia, Europe, North America and South America
and around 48
million customers. As of 30 June 2010 it had total assets of €1.94 trillion, the third-largest of any bank worldwide (after BNP Paribas
(SIX: UBSN, NYSE: UBS) is a Swiss global financial services company headquartered in Basel and Zürich, Switzerland
provides investment banking, asset management, and wealth management services for private, corporate, and institutional clients worldwide, as well as
retail clients in Switzerland. It operates in more than 40 countries and considered as the world's second largest manager of private wealth assets,
with over CHF 2.2 trillion in invested assets. UBS operates in all of the major financial centers worldwide with offices in over 50 countries and
64,000 employees around the world. UBS traces its heritage, through its predecessors, to 1854.
UBS was originally an abbreviation for the Union Bank of Switzerland
, one of its predecessors; however, UBS ceased to be considered a
representational abbreviation after its 1998 merger with Swiss Bank Corporation
T. Rowe Price
(NASDAQ: TROW) is a publicly owned Investment firm, headquartered in Baltimore, Maryland
. It was founded in 1937 by Thomas
Rowe Price, Jr.. The company offers mutual funds, subadvisory services, and separate account management for individuals, institutions, retirement
plans, and financial intermediaries. Additionally, the organization offers investment planning and guidance tools.
The company's founder may be best known for developing the growth stock philosophy of investing, emphasizing companies whose earnings and dividends
could be expected to grow faster than inflation and the overall economy. Instead of charging a commission, as others in the business did at the time,
Price charged a fee based on the assets under management.
Lehman Brothers Holdings Inc.
(former NYSE ticker symbol LEH) (pronounced /ˈliːmən/) was a global financial services firm. Before declaring
bankruptcy in 2008, Lehman was the fourth largest investment bank in the USA
(behind Goldman Sachs, Morgan Stanley, and Merrill Lynch
doing business in investment banking, equity and fixed-income sales and trading (especially U.S. Treasury securities), market research, investment
management, private equity, andprivate banking.
On September 15, 2008, the firm filed for Chapter 11 bankruptcy protection following the massive exodus of most of its clients, drastic losses in its
stock, and devaluation of its assets by credit rating agencies. The filing marked the largest bankruptcy in U.S. history, and is thought to have
played a major role in the unfolding of the late-2000s global financial crisis. The following day, Barclays
announced its agreement to
purchase, subject to regulatory approval, Lehman's North American investment-banking and trading divisions along with its New York headquarters
building. On September 20, 2008, a revised version of that agreement was approved by US Bankruptcy Court Judge James M. Peck. The next week, Nomura
announced that it would acquire Lehman Brothers' franchise in the Asia-Pacific region, including Japan, Hong Kong and Australia
as well as Lehman Brothers' investment banking and equities businesses in Europe and the Middle East
. The deal became effective on October 13,
The Prudential Insurance Company of America
(NYSE: PRU) is a Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance,
investment management, and other financial products and services to both retail and institutional customers throughout the United States
over 30 other countries. Principal products and services provided include life insurance, annuities, mutual funds, pension- and retirement-related
investments, administration and asset management, securities brokerage services, and commercial and residential real estate in many states of the U.S.
It provides these products and services to individual and institutional customers through distribution networks in the financial services industry.
Prudential has operations in the United States, Asia, Europe and Latin America
and has organized its principal operations into the Financial
and the Closed Block Business
Prudential is composed of hundreds of subsidiaries and holds more than $2 trillion of life insurance.
is a global financial services firm headquartered in New York City
serving a diversified group of corporations,
governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a
workforce of over 60,000. The company reports US$779 billion as assets under its management. It is headquartered in Midtown Manhattan, New York
(NYSE: C) or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New
York, United States
. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp
financial conglomerate Travelers Group
on April 7, 1998.
Citigroup Inc. has the world's largest financial services network in the world, spanning 140 countries with approximately 16,000 offices worldwide.
The company currently employs approximately 260,000 staff around the world, which is down from 267,150 in 2010 according to Forbes. It also holds over
200 million customer accounts in more than 140 countries. It is a primary dealer in US Treasury securities. According to Forbes, at its height
Citigroup used to be the largest company and bank in the world by total assets with 357,000 employees until the global financial crisis of 2008. Today
it is ranked 24th in terms of assets size compared to HSBC
which now ranks as the largest company and bank by assets in the world as of
is the wealth management division of Bank of America
. With over 15,000 financial advisors and $2.2 trillion in client
assets it is the world's largest brokerage. Formerly known as Merrill Lynch & Co., Inc., prior to 2009 the firm was publicly owned and traded on the
New York Stock Exchange under the ticker symbol MER. Merrill
agreed to a purchase by Bank of America
on September 14, 2008, at the
height of the 2008 Financial Crisis. It ceased to exist as a separate entity in January 2009.
Bank of America Corporation
(NYSE: BAC) is an American multinational banking and financial services corporation, the largest bank holding
company in the United States
, by assets, and the second largest bank by market capitalization. Bank of America serves clients in more than 150
countries and has a relationship with 99% of the U.S. Fortune 500 companies and 83% of the Fortune Global 500. The company is a member of the
Federal Deposit Insurance Corporation (FDIC)
and a component of both the S&P 500 Index
and the Dow Jones
As of 2010, Bank of America is the 5th largest company in the United States
by total revenue, as well as the second largest non-oil company in
the U.S. (after Walmart). In 2010, Forbes listed Bank of America as the 3rd "best" large company in the world.
The bank's 2008 acquisition of Merrill Lynch
made Bank of America the world's largest wealth manager and a major player in the investment
State Street Corporation
, or just simply State Street is a U.S.
based financial services holding company. State Street was founded in
1792, and is headquartered in the Financial District area of Boston at One Lincoln Street.State Street has offices in major financial centers
throughout the world. State Street's Corporate Headquarters located in Boston,Massachusetts.
State Street Bank and Trust Company, a custodian bank, and its sister company State Street Global Advisors (SSgA)
, which is a leading
registered investment advisor, together comprise the principal operating companies within parent company State Street Corporation
. State Street
Bank provides securities services to institutional investors as a custodian bank and SSgA provides investment management services to mutual funds and
other asset managers. State Street customers include mutual funds and their advisers, collective investment funds, corporate and public pension funds,
insurance companies, operating companies and non-profit organizations.
State Street presence complete range of financial services with 2,800 employees in eight cities throughout Asia Pacific
located in Hong Kong
JPMorgan Chase & Co.
(NYSE: JPM) is an American
multinational banking corporation of securities, investments and retail. It is a major
provider of financial services, with assets of US$2 trillion and according to Forbes magazine is the world's largest public company. The hedge fund
unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation
with J.P. Morgan & Co.
The J.P. Morgan brand is used by the investment banking as well as the asset management, private banking, private wealth management and treasury &
securities services divisions. Fiduciary activity within private banking and private wealth management is done under the aegis of JPMorgan Chase
— the actual trustee.
The Goldman Sachs Group, Inc.
(NYSE: GS) is an American
multinational bulge bracket investment banking and securities firm that engages
in global investment banking, securities, investment management, and other financial services primarily with institutional clients. Goldman Sachs was
founded in 1869 and is headquartered at 200 West Street in the Lower Manhattan area of New York City, with additional offices in major international
financial centers. The firm provides mergers and acquisitions advice, underwriting services, asset management, and prime brokerage to its clients,
which include corporations, governments and individuals. The firm also engages in proprietary trading and private equitydeals, and is a primary dealer
in the United States Treasury security market
Former employees include Robert Rubin and Henry Paulson who served as United States Secretary of the Treasury
under Presidents Bill Clinton and
George W. Bush, respectively, as well as Mark Carney, the governor of the Bank of Canada
The Bear Stearns Companies, Inc.
(former NYSE ticker symbol BSC) based in New York City, was a global investment bank and securities trading
and brokerage, until its collapse and fire sale to JPMorgan Chase
in 2008. The main business areas, based on 2006 net revenue distributions,
were capital markets (equities, fixed income, investment banking; just under 80%), wealth management (under 10%), and global clearing services
Bear Stearns was involved in securitization and issued huge amounts of asset-backed securities, which in the case of mortgages were pioneered by Lewis
S. Ranieri, "the father of mortgage securities". As investor losses mounted in those markets in 2006 and 2007, the company actually increased its
exposure, especially the mortgage-backed assets that were central to the subprime mortgage crisis. In March 2008, the Federal Reserve Bank of New
provided an emergency loan to try to avert a sudden collapse of the company. The company could not be saved, however, and was sold to JP
for $10 per share, a price far below the 52-week high of $133.20 per share, traded before the crisis, although not as low as the two
dollars per share originally agreed upon by Bear Stearns
and JP Morgan Chase.
The collapse of the company was a prelude to the risk management meltdown of the Wall Street investment bank industry in September 2008, and the
subsequent global financial crisis and recession. In January 2010, JPMorgan
discontinued use of the Bear Stearns name.
For those paying attention note that neither Nomura Holdings nor HSBC are pictured in the graphic, although by all accounts they probably should be
there if the data were more up to date. As a point of principle, here are there 'vanilla flavored' descriptions.....
Nomura Holdings, Inc.
(野村ホールディングス株式会社) is a Japanese
financial holding company, and a principal member of
the Nomura Group
In October 2008 the company announced that it would buy Lehman Brothers Holdings's investment banking and equities unit in Asia and Europe
keep on most of its employees. Nomura would pay $225 million for the purchase of Lehman's Asian-Pacific
unit. Nomura will retain the 2000+
employees of Lehman's Powai
HSBC Holdings plc
is a global banking and financial services company headquartered in Canary Wharf, London, United Kingdom
. As of 2011
it is the world's second-largest banking and financial services group and second-largest public company according to a composite measure by Forbes
magazine. It has around 7,500 offices in 87 countries and territories across Africa, Asia, Europe, North America and South America
100 million customers. As of 30 June 2010, it had total assets of $2.418 trillion, of which roughly half were in Europe
, a quarter in the
and a quarter in Asia
HSBC Holdings plc was founded in London in 1991 by The Hongkong and Shanghai Banking Corporation
to act as a new group holding company and to
enable the acquisition of UK-based Midland Bank
. The origins of the bank lie in Hong Kong and Shanghai
, where branches were first opened
in 1865. Today, HSBC remains the largest bank in Hong Kong
, and recent expansion in mainland China
, where it is now the largest
international bank, has returned it to that part of its roots.
HSBC is a universal bank and is organised within four business groups: Commercial Banking; Global Banking and Markets (investment banking); Personal
Financial Services (retail banking); and Private Banking.
Tired of reading yet? Well grab a cup of coffee, tea, or something stronger because the truth is a long train ride into a longer dark tunnel......
.... I invite you to the journey.
edit on 19-8-2011 by Maxmars because: (no reason given)