The Top 10 Financial Firms Control 19.45 Percent of Global FinanceNovember 7, 2011 4:31 pm
This will sync very well with the Occupy wall street theme – we had spotted some stats earlier on how a very small percentage of people control global wealth – we spotted this today:
“A significant portion of the global economy flows into the hands of a small group of financial institutions—that much we’ve known for some time. But in a new paper, flagged by the New York Times’ Economix blog, Stefania Vitali, James B. Glattfelder and Stefano Battiston name names. Using a methodology based on “ network topology,” the Swiss researchers identify which financial actors are at the core of the global economy. ”
Statistics Source: WashingtonPost
There are some obvious names in the list – JP Morgan Chase, Merrill Lynch, Vanguard, Fidelity,UBS ..