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interestrateripoff

No British Banks In Top 10 Of World's Safest Financial Institutions

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http://www.guardian.co.uk/business/2010/sep/12/worlds-safest-banks

Britain's banks are too weak to register in the top 10 of the world's safest institutions, according to an annual ranking that highlights concerns over risk-taking and the amount of capital held by banks in the wake of the financial crisis.

The highest-ranking UK bank in the Global Finance survey is HSBC, Britain's largest bank with a market cap of $112bn (£73bn), slipping one place from last year to 19th position.

Despite having one of the largest banking systems in the world, Britain has only three institutions into the top 50. Barclays, the only other UK registered bank on the list, is at number 34. Nationwide, the UK's largest building society, is rewarded for its conservatism with the number 46 slot.

But, according to the report, UK depositors looking for the safest home for their money should head for the Clydesdale or Yorkshire banks, which are owned by the 11th-ranked National Australia Bank. Number 14 in the top 50 is Banco Santander, the Spanish bank that is currently rebranding Alliance & Leicester and Bradford & Bingley branches with the Santander logo. Abbey, which it also owns, has already had a makeover.

French, Dutch and German banks grab most of the top slots in the Global Finance survey, which was created through the comparison of long-term credit ratings from agencies Moody's, Standard & Poor's and Fitch, and analysis of total assets owned by the 500 largest banks in the world. It says the safest bank is KfW of Germany, followed by Caisse des Dépôts et Consignations (CDC) of France and Bank Nederlandse Gemeenten (BNG) of the Netherlands.

The survey was started 19 years ago, when safety was something customers took for granted. Capital requirements that previously required banks to hold up to 12% of their loan book in cash or its equivalent have been eased over the two decades. By 2007 many banks held in cash as little as 2% or 3% of their total loans.

According to Global Finance's publisher, Joseph Giarraputo: "Banks that have strengthened their liquidity positions and the quality and quantity of their capital are recognised in these rankings. More than ever, customers around the world are viewing long-term creditworthiness as the key feature of banks with which they do business."

The US banking industry only has four names in the top 50, with BNY Mellon at number 30 leading JP Morgan Chase (40), Wells Fargo (42) and US Bancorp (47).

I bet the ECB will be relieved.

Edited by interestrateripoff

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Britain's banks are too weak to register in the top 10 of the world's safest institutions, according to an annual ranking that highlights concerns over risk-taking and the amount of capital held by banks in the wake of the financial crisis.

The highest-ranking UK bank in the Global Finance survey is HSBC, Britain's largest bank with a market cap of $112bn (£73bn), slipping one place from last year to 19th position.

Despite having one of the largest banking systems in the world, Britain has only three institutions into the top 50. Barclays, the only other UK registered bank on the list, is at number 34. Nationwide, the UK's largest building society, is rewarded for its conservatism with the number 46 slot.

But, according to the report, UK depositors looking for the safest home for their money should head for the Clydesdale or Yorkshire banks, which are owned by the 11th-ranked National Australia Bank. Number 14 in the top 50 is Banco Santander, the Spanish bank that is currently rebranding Alliance & Leicester and Bradford & Bingley branches with the Santander logo. Abbey, which it also owns, has already had a makeover.

French, Dutch and German banks grab most of the top slots in the Global Finance survey, which was created through the comparison of long-term credit ratings from agencies Moody's, Standard & Poor's and Fitch, and analysis of total assets owned by the 500 largest banks in the world. It says the safest bank is KfW of Germany, followed by Caisse des Dépôts et Consignations (CDC) of France and Bank Nederlandse Gemeenten (BNG) of the Netherlands.

The survey was started 19 years ago, when safety was something customers took for granted. Capital requirements that previously required banks to hold up to 12% of their loan book in cash or its equivalent have been eased over the two decades. By 2007 many banks held in cash as little as 2% or 3% of their total loans.

According to Global Finance's publisher, Joseph Giarraputo: "Banks that have strengthened their liquidity positions and the quality and quantity of their capital are recognised in these rankings. More than ever, customers around the world are viewing long-term creditworthiness as the key feature of banks with which they do business."

The US banking industry only has four names in the top 50, with BNY Mellon at number 30 leading JP Morgan Chase (40), Wells Fargo (42) and US Bancorp (47).

Edited by Tamara De Lempicka

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http://www.guardian....ds-safest-banks

I bet the ECB will be relieved.

And our City Centric (ex-Financials) Govt wonkas leaders keep brainwashing the UK population that the banking system must be supported at all costs and will be the UK's 'saviour' business sector?

Edited by erranta

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This is a rather silly list - perhaps ranked using Tier 1 capital ratio and adjust the asset according to certain Basel rule.

Many of the european banks in the list are among the most leveraged in the world, and I think if Greece is allowed to default,

many of the top 10 will go belly up. Safe...heem...

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All my money is safe in Iceland! :huh:

They caught, arrested and jailed most of their top bankstas - at the request of the people.

The rest are still on the run and have Interpol wanted/arrest warrants out on them!

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  • 261 Brexit, House prices and Summer 2020

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