Date Added: Feb 2010
The global banking industry staged a remarkable turnaround last year, with strong growth in both market capitalization and total shareholder return (TSR). From peak to trough, the market capitalization of the global banking industry fell by $5.8 trillion as a result of the financial crisis After bottoming out at $3i trillion in the first quarter of 2009, however, the industry's market value more than doubled over a ten-month stretch, to $6.4 trillion. 0 In 2009, the average banking TSR climbed to 47.1 percent - a full 100 percentage points above the 2008 average. It was the highest it had been since 2003, when the banking TSR bounced back following the technology stock crash.