There has been a lot of press recently about credit ratings and the safety of different governments and their respective sovereign bonds. But what about the banks in the different countries around the world? Global Finance magazine compiles a list of the “50 Safest Banks in the World” each year and this is the 20th time they have done so. To make the list, winners were selected through an evaluation of long-term credit ratings — from Moody’s, Standard & Poor’s and Fitch — and total assets of the 500 largest banks worldwide.
The top 10 safest banks in the world are all European banks and no U.S. bank shows up on the list until 24th place – BNY Mellon. Read more about this year’s world bank rankings.