Wednesday, May 20, 2009

Still thinking of investing in banks? Think Canadian first

A ranking based on the analysis of total assets and long-term credit quality ratings from Moody's Investor Service, Standard & Poor's, and Fitch, shows that out of the 500 largest banks in the world, Canadian banks are among the safest.

table of world banks ranked by assets and size
Source: Global Finance: World’s 50 Safest Banks, European Central Bank, Eurostat.

If clicking on the image to enlarge is not an option for you, here are the Canadian rankings: 10. Royal Bank, 14. Toronto Dominion, 23. Scotiabank, 32. Bank of Montreal, 42. CIBC. Top spot went to Germany's KfW.

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