It hasn't been a pretty picture for the banks. But there has been no shortage of them — abstract, modern, old masters — hanging in the hallways or sitting in storerooms. The art should get out more, to give the taxpayers — who have been so generous with the financial sector — an aesthetic return.
Deutsche Bank is believed to own the largest corporate collection in the world, with some 60,000 pieces of contemporary art. UBS owns 40,000 pieces and JPMorgan 30,000. Combined, that approaches what MoMA has. Banks have various explanations for their hoarding instincts: lots of walls to cover, clients to impress, corporate identities to build. Or perhaps just some past director was a devoted patron.