With nearly $64bn more in Tier 1 capital than its closest runner-up, HSBC continues to sit atop the European banks ranking, although its capital and assets dropped slightly, by 3.42% and 1.39%, respectively.
This slide was echoed across a large number of the region’s other banks. In the aggregate ranking, total assets shrunk by 6.17%, while Tier 1 capital dropped by 6.91%. Regulators nudged banks to trim excessive bulk as economic growth on the continent remained feeble and the euro lost more than 11% of its value against the dollar.