China Dominates Global Bank Rankings; Wells Fargo Loses No. 10 Spot

According to a report from S&P Global, Chinese banks collectively hold the largest share of total assets held by the top 100 global banks. Crédit Agricole replaced Wells Fargo in the No. 10 slot by $165 million.

Reuters: European Banks Have €$84B Capital Shortfall

Reuters reported European banks have a combined capital shortfall of about €84 billion ($115 billion), German weekly WirtschaftsWoche reported, citing a new study by the Organisation for Economic Cooperation and Development (OECD).

SENIOR LOAN OFFICER SURVEY: Large/Mid-Market C&I Demand Strengthens Amid Waning European Bank Competition

In July 2012, the Federal Reserve Board conducted a Senior Loan Officer Survey on bank lending practices over the previous three months. The majority of lenders from 64 banks — 36 large banks and 28 smaller banks — reported loan demand from large and middle-market firms strengthened “somewhat further” with some noting business had increased due to decreased competition from European banks.