Photo: flickr: NinaZed
In these troubled times, who can you trust with your money? There are a lot of ways to answer that question in terms of investing, but what about when you’re talking about who can just hold it?Bloomberg Markets Magazine just answered that question by releasing their top 20 strongest banks in the world. The ranks are judged on tier 1 capital to risk-weighted assets, non performing assets to total assets, loan-loss reserves to nonperforming assets, deposits to funding, and efficiency (costs to revenue).
More from Bloomberg Markets:
…we used Bloomberg Professional service’s Equity Screening (EQS) function to obtain a list of the 78 banks with total assets of $100 billion or more as of mid-March. The banks’ Tier 1 capital ratio, which is the ratio of its core equity capital to its risk-weighted assets, accounted for 40 per cent of each score.
You’ll note that most of these banks are from our neighbour to the north, Canada, so you don’t have far to go to feel secure.