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Goldman and Morgan Stanley take new entrants list by storm

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It is unsurprising that two of the US's biggest former investment banks take the top two spots in this year's list of new entrants. Both Goldman Sachs, which enters the Top 1000 in 13th place, and Morgan Stanley, which enters at 17th place, were forced to take commercial banking licences at the end of 2008. How long the two iconic Wall Street brands will remain in the rankings is another matter. Many are speculating that the banks will seek to shed their commercial bank status as soon as the economy and financial markets pick up.

Aside from high-profile US entrants, China and Russia dominated this year's list of new entrants to the Top 1000. Eight further Chinese banks have joined The Banker's Top 1000 rankings, taking the total number of Chinese banks in the list to 52, up from 45 last year.

In the case of Russia, despite seven further banks achieving the scale required to qualify for the Top 1000, the total number of Russian banks in the list actually fell from 35 banks last year to 34 this year. It is perhaps a sign of the volatility of Russia's financial markets, which have been hit hard by collapsing oil prices.

Nigeria's banks continue to grow in scale, with a further three filtering into the rankings. They are Fidelity Bank, Skye Bank and Afribank. Once again, the list of new entrants is dominated by emerging market banks, most notably from the so-called BRIC (Brazil, Russia, India and China) economies.

As with last year, European banks were thin on the ground, with the notable exception of the Germans. Seven German banks entered The Banker's Top 1000 rankings this year.

New Arrivals In The Top 1000

New Arrivals In The Top 1000

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