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.