Singapore’s Oversea-Chinese Banking Corp. retained the title of the world’s strongest bank for the second year, followed by BOC Hong Kong Holdings Ltd. (2388) Two other Singaporean lenders -- United Overseas Bank Ltd. (UOB) (No. 7) and DBS Group Holdings Ltd. (DBS) (No. 8) -- were also among the strongest. “Singapore’s economy has performed quite stably and quite well, and for the Singaporean banks, we have real economic activities to finance,” Oversea-Chinese Banking CEO Samuel Tsien says. He credits the bank’s strength partly to its risk management practices.
No other country dominated the list as did Canada: The nation of 34.7 million people has only eight publicly traded banks, two of which are regional lenders. Only three U.S. banks -- JPMorgan Chase (JPM) (No. 13), PNC Financial Services Group Inc. (PNC) (No. 17) and BB&T Corp. (BBT) (No. 20) -- made the top 20. Four European banks were included: two from Sweden and one each from the U.K. and Switzerland.
... ... ...1. Oversea-Chinese Banking Corp OCBC (Singapore)
2. BOC Hong Kong Holdings Ltd. (Hong Kong)
3. Canadian Imperial Bank of Commerce CIBC (Canada)
4. Toronto-Dominion Bank TD (Canada)
5. National Bank of Canada (Canada)
6. Royal Bank of Canada (Canada)
7. United Overseas Bank Ltd. (Singapore)
8. DBS Group Holdings Ltd. (Singapore)
9. Hang Seng Bank
10. Svenska Handelsbanken (Sweden)
From my experience abroad, I agree that Canadian banks are rock solid, especially compared to neighboring US banks prone to pulling risking stunts. Toronto Dominion helped Waterhouse to rank among top stockbrokers in US, Europe and even Singapore (DBS Vickers). My first experience was with Royal Trust, classic service and reliability, later merged with Royal Bank of Canada. Amex gold card, multi-currency checking etc. Their cheques in any currency could clear anywhere around the world without extra charge as long as it's home country currency, i.e. I could write an RBC cheque in USD to clear through US bank or GBP cheque to clear through UK bank.
ah thanks ...not that i have much $$$$ anyway, but at least what i have appears to be safe.
you sure that you are safe ? you trust this kind of report ?
dbAss is listed 8. years ago dbAss had to makan the humble PoSb quietly.
after the makan then announced to the world about it.