Purpose – This paper compares the performance of the big four UK banks and four Australian banks between 2004‐2009. The banks are chosen according to the total assets as listed in The Banker magazine 2009. The purpose is to analyse why UK banks were more vulnerable to the financial crisis of...

Purpose – This paper compares the performance of the big four UK banks and four Australian banks between 2004-2009. The banks are chosen according to the total assets as listed in The Banker magazine 2009. The purpose is to analyse why UK banks were more vulnerable to the financial crisis of...

This paper aims to fill a gap in the literature on banking regulation, financial development and financial stability. It also extends the new literature on Basel III. The author's data shows that liquidity and leverage ratios played a significant role in the downfall of some UK banks. Australian...