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Assets of the largest 1,000 banks in the world grew by 6.8% in the
2008/2009 financial year to a record US$96.4 trillion while profits
declined by 85% to US$115 billion. Growth in assets in adverse market
conditions was largely a result of recapitalization. EU banks held the
largest share of the total, 56% in 2008/2009, down from 61% in the
previous year. Asian banks' share increased from 12% to 14% during the
year, while the share of US banks increased from 11% to 13%. Fee revenue
generated by global investment banking totaled US$66.3 billion in 2009,
up 12% on the previous year.
