And The Strongest Bank In The World Is....

[rock solid]

Impressive – Singapore’s banks are at number 1, 5 and 6.

-----------------

Bloomberg Markets magazine has produced a league table of the world's 'strongest' banks. The ranking includes banks with at least $100bn in assets. It weighs and combines five criteria, including Tier 1 capital compared with risk-weighted assets; non-performing assets compared with total assets; and efficiency, a comparison of costs against revenues.

Here's the top 20 for fiscal 2010:

1. Overseas-Chinese Banking (OCBC)
2. Svenska Handelsbanken
3. National Bank of Canada
4. Canadian Imperial Bank of Commerce (CIBC)
5. DBS Group Holdings
6. United Overseas Bank
7. Fifth Third Bank
8. Banco Bradesco
9. UBS
10. BOC Hong Kong (Holdings)
11. Banco Santander Brasil
12. Toronto-Dominion
13. Credit Suisse Group
14. JPMorgan Chase
15. Standard Chartered
16. Citigroup
17. Royal Bank of Canada
18. Hang Seng Bank
19. Bank of Montreal
20. Sberbank

Source - Bloomberg

[so what]

Yeah, I saw it this morning in the newspaper.
Kubes must have the worst day of his life

[wow]

Citigroup made the list but HSBC didn't?

[Svenska]

Maybe I should move my money to Svenska Handelsbanken

[5 3 7]

Fifth Thrid Bank...coudn't they make up their minds?!

[The List]

must be wrong. There are no Australian Banks!

[Hang Seng]

Citigroup made the list but HSBC didn't?

but Hang Seng did

[TheWrathOfGrapes]

Yeah, I saw it this morning in the newspaper.
Kubes must have the worst day of his life

What happened to all the Aussie banks? They must be way down the list - way down under.

Wait, let me preempt Kubes and say it for him: "How much did the Singapore government and Singapore banks pay Bloomberg to come up with this ranking?"
 

[so what]

Yeah, I saw it this morning in the newspaper.
Kubes must have the worst day of his life

What happened to all the Aussie banks? They must be way down the list - way down under.

Wait, let me preempt Kubes and say it for him: "How much did the Singapore government and Singapore banks pay Bloomberg to come up with this ranking?"
 

Not only can you question what happened to the Aussie banks...but what happened to Kubes?
It appears he has gone way down under too....

Must be sitting in a corner somewhere licking his wounds.
The devastating political and financial news this week must have taken its toll on him.

[Could it be???]

Since the very day Osama got whacked, Kubes has been totally absent here!!!

    

[Sceptic]

I am sceptical if OCBC is ranked 1st. Some of the most respectable banks in the world like HSBC etc is not there. (Hang Seng excluded)

As someone told me this a while ago. He was cashing in a cheque in Zurich and the teller stared blankly at him and asked, "Is this bank in China?"  

[me too]

I am sceptical if OCBC is ranked 1st. Some of the most respectable banks in the world like HSBC etc is not there. (Hang Seng excluded)

As someone told me this a while ago. He was cashing in a cheque in Zurich and the teller stared blankly at him and asked, "Is this bank in China?"  

Most of the respectable banks are not there - Citibank, Lehman Brothers, Bear Stern etc. The point is, respectable in what sense? That they are in 100 countries around the world. That they have been in existence for more than 100 years - Citi, ABN Amro --- oops ABN Amro no more.

Bloomberg used the 5 criteria. And that's how the cookie crumbles. You may want to tell Bloomberg why or how the 5 criteria are used.

[At the end]

of the day, this is another useless ranking by Bloomberg or whatever. It just doesn't hold any water to me. But hey, I suppose it's good news for David Connor, more bonuses for him...

[day has ended]

of the day, this is another useless ranking by Bloomberg or whatever. It just doesn't hold any water to me. But hey, I suppose it's good news for David Connor, more bonuses for him...

Not useless - very useful indeed. If you want to put your hard-earned money in banks - these top 20 banks are where you should put your money.  The key criteria here are safety and strengthen. Or maybe you prefer to put your money with Lehman Brothers?

[Agent007]

Why put your money in the bank and see it evaporate when you can invest in Singapore property and make a bloody bundle?