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No U.S. bank cracks Global Finance magazine's list of the world's 50 safest banks until Bank of...

No U.S. bank cracks Global Finance magazine's list of the world's 50 safest banks until Bank of New York Mellon (BK) comes in at no. 29. Wells Fargo (WFC) ranks 48th; J.P. Morgan (JPM), BofA (BAC) and Citigroup (C) miss the cut entirely. Topping the list is Germany’s KfW; the first publicly traded bank is Canada’s TD Bank (TD) at no. 11.
Comments (14)
  • Ice
    , contributor
    Comments (40) | Send Message
     
    Can u imagine 3 Dutch banks in the top 10. Turining cynical here; how did a socialist country made it at all into this list.

     

    Interesting point. None of these banks are traded publicly. All have a private ownership structure.
    16 Aug 2012, 06:46 PM Reply Like
  • pfras
    , contributor
    Comments (16) | Send Message
     
    Bank in countries with strong financial regulation top the list-see a pattern here?
    16 Aug 2012, 07:28 PM Reply Like
  • pfras
    , contributor
    Comments (16) | Send Message
     
    banks in countries with strong financial regulation seem to be doing the best-see a pattern here?
    16 Aug 2012, 07:28 PM Reply Like
  • pfras
    , contributor
    Comments (16) | Send Message
     
    male-investor-
    16 Aug 2012, 07:29 PM Reply Like
  • jankelevich
    , contributor
    Comments (3) | Send Message
     
    what about Swiss Banks? ArenĀ“t they safe anymore?
    16 Aug 2012, 07:31 PM Reply Like
  • No. 1 Trader
    , contributor
    Comments (47) | Send Message
     
    I guess they think share holders are bad for business or that we are the ones who steal from the banks instead of the CEO's
    16 Aug 2012, 07:36 PM Reply Like
  • ocala
    , contributor
    Comments (72) | Send Message
     
    Note that Canada has only six major banks and that all six of them are on the list.
    Why?
    Because of strict regulations by successive governments.
    16 Aug 2012, 08:04 PM Reply Like
  • bbro
    , contributor
    Comments (9621) | Send Message
     
    I hate black boxes...look at the bond prices for creditworthness (you
    notice I didn't say credit default swaps)
    17 Aug 2012, 02:14 AM Reply Like
  • RALPHSCHAUSS
    , contributor
    Comments (58) | Send Message
     
    KFW (AAA) has a direct German Government guarantee ( ie apples and oranges to compare with Morgan, BAC etc). German (=BAFIN) regulators did an apalling job during the crisis ignring SIVs which bought mountains of US mortgage crap and failed see IKB ,Landesbanken etc. Swiss banks like UBS and CS did a a lot of stupid inverstment trading stuff. Canadian banks did best because of strong regulation AND Execution thereof( where the US counterparts horribly failed to do the job) and not screwing up big time on mortgage loans, ie NOT more than 80% max loan /values and the borrower remains fully liable not just the mortgage,ie NO ,like in the US, "sending the keys to the Bank. And let's not forget, excessive , dumb risks housing finance was the key to the crisis in the US !! All the regulation was there BUT there was no execution of the law. All US regulators were asleep at the wheel.
    17 Aug 2012, 03:24 AM Reply Like
  • mope940
    , contributor
    Comments (42) | Send Message
     
    If they are private you nor anyone else has a clue how safe they are.
    No telling who has $$ with these gnomes or what they are doing with it or how safe it is.
    17 Aug 2012, 05:59 AM Reply Like
  • Jstanley01
    , contributor
    Comments (14) | Send Message
     
    Does this mean that setting the banksters free to game with other people's money under the color of free market capitalism while being backstopped by the taxpayers -- a.k.a. "financial market innovation" -- didn't work? Who'd a thunk? Blow me over with a feather. Slap my butt and call me Spanky. BRING BACK GLASS-STEAGALL. Duh.
    17 Aug 2012, 08:04 AM Reply Like
  • marcyank
    , contributor
    Comments (3) | Send Message
     
    Wasn't KfW the bank that sent a ~$400 million swap payment to Lehman on the day they went bankrupt?
    17 Aug 2012, 08:34 AM Reply Like
  • RALPHSCHAUSS
    , contributor
    Comments (58) | Send Message
     
    Yes, KFW sent the $ 400 million payment as management had not realized, apparently, that Lehman was bust. This tends to happen when the CEO board is stuffed with political appointments.

     

    KFW management also was asleep in their duties to monitor the IKB loan/securities book which contained nothing but thrash in the $ 10 billion SIV stuffed with US sub-prime mortgage paper.

     

    Frankfurt, Germany
    17 Aug 2012, 11:24 AM Reply Like
  • No. 1 Trader
    , contributor
    Comments (47) | Send Message
     
    The U.S. is running deficits with everyone. How do we get the cash back? Sell them bonds stacked with over inflated real estate loans! And as far as a sleep at the wheel is concerned, most Civil Servants are asleep at the wheel waiting for their well deserved (NOT) check every other Friday.
    17 Aug 2012, 07:14 PM Reply Like
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