Friday, August 26, 2011

World's Safest Banks 2011

Here is the 20th Annual Ranking from Global Finance of the "World's 50 Safest Banks".

According to the list, most of the safest banks are not located in the United States. Here are the six from the U.S. that made the 2011 list:
  • BNY Mellon (BK): 24th
  • JPMorgan Chase (JPM): 34th
  • Wells Fargo (WFC): 36th
  • U.S. Bancorp (USB): 40th
  • Northern Trust (NTRS): 44th
  • Cobank, ACB: 45th
In 2010, four of the above banks made the list and were ranked as follows:
  • BNY Mellon: 30th
  • JPMorgan Chase: 40th
  • Wells Fargo: 43rd
  • U.S. Bancorp: 48th
Gobal Finance 19th annual list of Safest Banks

So once again none in the U.S. reside anywhere near the top of the list. Still, all the banks that were on last year's list improved their position.

The number 1 bank on the list is KfW located in Germany.

Banks from Germany held 4 of the top 10 positions.

The Netherlands had 3 of the top 10 positions.

Here are the rankings from from last year.


Long JPM, WFC, an USB

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