People walk through an open space in a newly developed area in Dalian, China. (Photographer: Qilai Shen/Bloomberg)

China’s Giant Banks Top This Ranking. And That’s a Cause for Concern

(Bloomberg Markets) -- In 1988, 9 of the 10 largest banks in the world were Japanese. Three years later the country’s financial system, along with its lenders, collapsed, sending Japan into its inf...