The Too Big To Fails

The G20's enforcement agency found that 29 banks globally are too big to fail.

It published a long-awaited list of "systemically important" banks Friday. Banks on the list will have to cooperate with regulations imposed by the agency as well as the Basel Committee of Banking Supervision.

Here are some of those new rules :

- By the end of 2012, all banks will have to map out a plan to unwind their businesses in the case of a collapse.

- By 2016 they have to hold more capital than other banks. They'll be sorted into five different "buckets," based on which they'll be required to maintain 1%-3.5% more capital than less significant banks.

- By 2019, that capital requirement will be an added 3.5% on top of other regulations.

The list will be updated every November and the methodology to choose the banks will be reviewed every three years.

Bank of America

Headquarters: United States

Market Capitalization: $70 billion

1-year Return: -45.88%

Total Assets (Sept. 2011): $2,220 billion


Bank of New York Mellon

Headquarters: United States

Market Capitalization: $25 billion

1-year Return: -20.52%

Total Assets (Sept. 2011): $322 billion

Citigroup

Headquarters: United States

Market Capitalization: $88 billion

1-year Return: -30.43%

Total Assets (Sept. 2011): $1,936 billion

Goldman Sachs

Headquarters: United States

Market Capitalization: $55 billion

1-year Return: -36.52%

Total Assets (June 2011): $937 billion

J.P. Morgan

Headquarters: United States

Market Capitalization: $134 billion

1-year Return: -11.81%

Total Assets (Sept. 2011): $2,289 billion


Morgan Stanley

Image: Son of Groucho via Flickr
Headquarters: United States

Market Capitalization: $32 billion

1-year Return: -37.39%

Total Assets (June 2011): $831 billion

State Street

Headquarters: United States

Market Capitalization: $20 billion

1-year Return: -7.81%

Total Assets (Sept. 2011): $208 billion

 Wells Fargo

Headquarters: United States

Market Capitalization: $134 billion

1-year Return: -5.77%

Total Assets (Sept. 2011): $1,305 billion


Royal Bank of Scotland


Headquarters: United Kingdom

Market Capitalization: $41 billion

1-year Return: -51.95%

Total Assets (Sept. 2011): $1,608 billion

Lloyds Banking Group

Headquarters: United Kingdom

Market Capitalization: $32 billion

1-year Return: -59.74%

Total Assets (Sept. 2011): $979 billion

Barclay's

Headquarters: United Kingdom

Market Capitalization: $36 billion

1-year Return: -36.42%

Total Assets (June 2011): $1,492 billion


HSBC Holdings

Headquarters: United Kingdom

Market Capitalization: $155 billion

1-year Return: -20.59%

Total Assets (June 2011): $2,691 billion

Credit Agricole

Headquarters: France

Market Capitalization: $18 billion

1-year Return: -57.36%

Total Assets (June 2011): $1,594 billion


BNP Paribas

Headquarters: France

Market Capitalization: $51 billion

1-year Return: -42.57%

Total Assets (Sept. 2011): $1,926 billion


Banque Populaire

Headquarters: France

Total Assets (Dec. 2010): $407 billion


Societe Generale

Headquarters: France

Market Capitalization: $19 billion

1-year Return: -60.14%

Total Assets (June 2011): $1,158 billion

Deutsche Bank

Headquarters: Germany

Market Capitalization: $36 billion

1-year Return: -32.73%

Total Assets (Sept. 2011): $2,282 billion


Commerzbank

Headquarters: Germany

Market Capitalization: $11 billion

1-year Return: -67.22%

Total Assets (Sept. 2011): $738 billion


Unicredit Group

Headquarters: Italy

Market Capitalization: $21 billion

1-year Return: -56.94%

Total Assets (Sept. 2011): $1,266 billion

UBS

Headquarters: Switzerland

Market Capitalization: $48 billion

1-year Return: -30.64%

Total Assets (Sept. 2011): $1,447 billion

Credit Suisse

Headquarters: Switzerland

Market Capitalization: $32 billion

1-year Return: -38.07%

Total Assets (Sept. 2011): $1,062 billion


Dexia

Headquarters: Belgium

Market Capitalization: $1.15 billion

1-year Return: -86.15%

Total Assets (June 2011): $518 billion

ING Groep

Headquarters: The Netherlands

Market Capitalization: $32 billion

1-year Return: -26.06%

Total Assets (Sept. 2011): $1,282 billion


Banco Santander

Headquarters: Spain

Market Capitalization: $69 billion

1-year Return: -30.67%

Total Assets (Sept. 2011): $1,250

Nordea

Headquarters: Sweden

Market Capitalization: $34 billion

1-year Return: -17.43%

Total Assets (Sept. 2011): $924 billion


Mitsubishi UFJ

Image: AP
Headquarters: Japan

Market Capitalization: $60 billion

1-year Return: -7.99%

Total Assets (June 2011): $206,196 billion

Mizuho FG

Headquarters: Japan

Market Capitalization: $33 billion

1-year Return: -1.46%

Total Assets (June 2011): $156,507 billion


Sumitomo Mitsui FG

Headquarters: Japan

Market Capitalization: $39 billion

1-year Return: -7.39%

Total Assets (June 2011): $133,163 billion

Bank of China

Headquarters: China

Market Capitalization: $959 billion

1-year Return: -40.65%

Total Assets (Sept. 2011): $11,530 billion