The global importance of western European banks is continuing to decline after the overall Tier 1 capital in the largest 25 institutions fell for a second year running.
Data for the 2016 ranking saw a reduction in capital in the top 25 and while eight institutions increased their capital base year on year, this only amounted to a combined total of $15.23bn – Deutsche Bank alone, the top lender with the highest reduction in capital, saw its level fall by $14.26bn and by one position in the European ranking to seventh. This comes on the back of heavy losses of $6.63bn in its fiscal 2015 data and a 14.6% reduction in assets.