... money market operations, private placements, bonds underwriting, etc. It is, however, believed that all these segments are secondary to the geographical segmentation of the global banking industry. When defining the geographical segmentation it is probably best to start with the main financial markets on the globe and its corresponding financial institutions. In Europe, for example, we have the ECB which is in charge of monitoring the monetary policies for the Euro zone. Thus, the initial function of the 12 national banks, that are members of the Euro Zone, is put in question. So, it is simply a matter of time until there are some few but powerful financial institutions that are going to monitor huge blocks of our financial globe. Even in the USA, where there is no national bank, there nonetheless is a strong will to centralize the various commercial banks, which at the moment are estimated to be ...

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