Swiss researchers analyse how banks control transnational power.

An analysis of the relationships between 43,000 transnational corporations identifies a relatively small group of companies, mainly banks, with disproportionate power over the global economy. So New Scientist reports. “In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network,” says James Glattfelder, one of the researchers at the Federal Institute of Technology. Most are financial institutions, the top 20 including Barclays Bank, JPMorgan Chase & Co, and Goldman Sachs.