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Anonymous
Anonymous asked in Business & FinanceInvesting · 2 months ago

does Europe have more really powerful, wealthy banks or does the USA have more? how compared to Asia? why is this?

i noticed that when the US stock markets dump or sell off, that the East Asian markets follow suit, but when gets around to the European markets opening, they seem to be the trend setter for the day? true or not? (meaning if they decide to "buy the dips" in the us future markets and keep from their own markets from selling off, they can steer it back around and influence how the US market will do? or is the USA really the trend setter globally with regards to the direction of the markets? why this is? how long been this way?

2 Answers

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  • 2 months ago
    Favourite answer

    European banks and financial markets tend to be more conservative and less volatile. US banks have a tendency to hand out credit like candy and US companies are more likely to be more leveraged than necessary due to easy access to credit and government tax policies. 

  • Anonymous
    2 months ago

    i think "The Bank of England" is the mother of all banks

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