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"Now, consider this table. It gives you a sense of the size and scope of some of the five largest BHCs (Bank Holding Companies), noting their nondeposit liabilities in billions of dollars and their number of total subsidiaries and countries of operation (according to the Financial Stability Oversight Council):"
Sources: "Which Banks Could Face Cap on Size?" by Victoria McGrane, Wall Street Journal, Oct. 11, 2012; Financial Stability Oversight Council.
"For perspective, consider the sad case of Lehman Brothers. More than four years later, the Lehman bankruptcy is still not completely resolved. As of its 10-K regulatory filing in 2007, Lehman operated a mere 209 subsidiaries across only 21 countries and had total liabilities of $619 billion. By these metrics, Lehman was a small player compared with any of the Big Five. If Lehman Brothers was too big for a private-sector solution while still a going concern, what can we infer about the Big Five in the table?"
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