I was a bit surprised to find any U.S. banks on Global Finance magazine's list of the 50 safest banks in the world.
Wells Fargo was the highest U.S. bank at number 21, followed by U.S. Bank at 26, the Bank of New York Mellon at 35, and JPMorgan Chase at 47.
Top spot went to KfW in Germany. Overall, both France and Germany had six banks on the list. Spain had an impressive five; the United Kingdom proved more mundane with three. Canada can boast of five on the list, and Australia of four.
Global Finance has been publishing the list for 17 years, but the one just released a week ago and quoted here was a mid-year update spurred by the global financial turmoil.
I'd be interested in seeing who's still standing on this list come next January.
Friday, March 6, 2009
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4 comments:
I thought Wells Fargo would be closer to the top but I guess 21 is alright. Do you think the reason no banks from the US are greater than 20 because of the "lack of regulation" and recent events or have they historically always been in this range. Do you know of this information?
Do you have this list? Can you post it? It'd be interesting to see what US banks were at the top 5 years ago and what they are today.
How about what banks are left in 5 years, which are on the list, and what will the rank of those that are the list be.
First time I've seen this list, but I'd be curious to see where U.S. banks ranked, say, in 2005.
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