How Do We Count Revenue For Banks?
When building and updating a B2B database, we try to gather revenue for each company so it is on a comparable basis as companies in other industry sectors. It sounds fairly simple and straight forward – however, it is not always that easy. In those financial organizations that have a mix of business lines in […]
European Banks and Nervous Markets
The roller coaster like headlines over the past week have given businesses and consumer a wild ride. If your business looks to the financial sector and banks as a source of revenue and expect growth, it is indeed a white knuckle experience. We took a look in our database of The Global 5000 to look […]
Chinese Bank Signs Deal to Buy US Branches
In a news report today, Industrial & Commercial Bank of China (ICBC) has agreed to a deal to buy US branches of Bank of East Asia of Hong Kong. ICBC is 70% owned by the government of China and is number 13 in The Global 5000 banking sector with approximately $70 billion in revenue. Bank […]