Ovidius University Annals: Economic Sciences Series (Dec 2022)
Competing for Dominance in Global Banking
Abstract
In the last decades, banking has become an impressive global affair. This changing orientation of the big banks’ activities has led to the expansion of their operations at a global scale but raised difficult issues related to their capacity to manage their liquidity and to face various financial shocks worldwide. The competition among global banks has become much more severe in recent years as customers expect higher confidence from them. This is why more and more banks should design and implement customer-centric business models, ensure a higher cybersecurity, and drive digitization across their whole organizations. The goal of the paper is to briefly analyze the competition among the largest banks of the world within the global banking system in the period 2020-2021 by taking into account their Tier 1 capital, assets and market capitalization. The paper concludes that the Chinese banks were the main actors in the global banking system in the period 2020-2021.
