With aggregate total assets of around € billion, they represent roughly 41% of the entire German banking sector. Thanks to the results of the survey, we can provide an exclusive insight into the current and future risk situation facing German banks and savings banks. The survey was based both on assumptions made by the institutions and on stress scenarios defined by the supervisors.
The area had almost 150,000 manufacturing jobs, which represented almost one-fourth of the area’s employment; by contrast, jobs in professional and business services accounted for just 10 percent of the area’s employment, or roughly 60,000 jobs. Ten years later, the picture was dramatically different: Largely because of cutbacks at textile mills, the Charlotte metropolitan area had lost almost 20,000 factory jobs.