The World's 50 SAFEST banks...

[tidus1203]

Given all the distress in the financial industry and people fearing for their deposits and investment asking questions if their bank is solvent or has enough capital. Here is the TOP 50 SAFEST BANKS in the world...

http://docs.google.com/gview?a=v&att...on%2Fpdf&pli=1

Obviously, the most popular name in banking Citibank is not in the list, Bank of America is also not there. Even private banking giants like Credit Suisse is not there...

[tidus1203]

Oppss.. Just a correction Credit Suisse is in fact in the list but quite low... UBS is also there but also very low...

[goldencoil]

tidus, there seems to be some problems with the link you posted.

can you check it again please? thanks!

[chua_riwap]

^^ Agree. Paltos........

[tidus1203]

Oh by the way its Google docs so you have to have a Google account... Its actually a PDF file... The link is fine I tried it again...

[testament11]

hindi ko din maaccess tidus...

[uls]

The list is from the magazine Global Finance

The World’s 50 Safest Banks 2009

Germany KfW
France Caisse des Depots et Consignations (CDC
The Netherlands Bank Nederlands Gemeenten (BNG)
Germany Landwirtschaftliche Rentenbank
The Netherlands Rabobank
Germany Landeskreditbank Baden-Wuerttemberg-Foerderbank
Germany NRW. Bank
France BNP Paribas BNPQY.PK
Spain Banco Santander STD
Canada Royal Bank of Canada RY
Australia National Australia Bank NABZY.PK
Australia Commonwealth Bank of Australia
Spain Banco Bilbao Vizcaya Argentaria (BBVA) BBV
Canada Toronto-Dominion Bank TD
Australia Australia & New Zealand Banking Group ANZBY.PK
Australia Westpac Banking Corporation WBK
Spain Banco Espanol de Credito S.A. (Banesto)
New Zealand ASB Bank Limited
UK HSBC HBC
France Credit Agricole
USA Wells Fargo WFC
Sweden Nordea Bank
Canada Scotiabank BNS
Spain La Caixa
Sweden Svenska Handelsbanken
USA US Bancorp USB
Spain Banco Popular Espanol
Singapore DBS Bank DBSDY.PK
Finland Pohjola Bank
Germany Deutsche Bank DB
France Societe Generale SCGLY.PK
Italy Intesa Sanpaolo ISNPY
Canada Bank of Montreal BMO
Norway DnB NOR Bank
USA The Bank of New York Mellon BNY
Portugal Caixa Geral de Depositos
Singapore United Overseas Bank UOVEY.PK
Singapore OCBC
Belgium Axa Bank Europe
Switzerland Credit Suisse Group CS
Germany Landesbank Baden-Wuerttemberg
UK Nationwide Building Society
Canada CIBC CM
Kuwait National Bank Of Kuwait
UK Barclays BCS
Switzerland UBS UBS
USA JPMorgan Chase JPM
Japan Bank of Tokyo-Mitsubishi UFJ
France Banque Federative du Credit Mutuel (BFCM)
France Credit Industriel et Commercial (CIC)

[Horsepower]

I'd rather spend the money to buy precious stuff such as gold and platinum or silver. or buy huge parcels of land. Anything tangible and non-perishable. hehehe

There is no safe bank but the Federal Reserve Bank who is screwing USA for almost a century already. They will screw economies so they can gobble up banks.

[uls]

++++++++++++

[uls]

hehe

modern banking/fractional reserve lending is ponzi

the entire financial system is ponzi

Bernie Madoff is the Mirror of a Made-Off Ponzi Economy
http://www.rgemonitor.com/blog/roubi..._ponzi_economy

NYU economics professor Nouriel Roubini:

A reporter contacted me today with the following question:

“I am a reporter and I am doing a story on Bernard Madoff's life after pleading guilty. As part of this I was wondering if you could comment on what significance he will have in the history of this period. Will he represent more than a scamster who stole a lot of money from a lot of people? As Bernie Ebbers and Ken Lay came to embody corporate greed and deceit, what will Madoff symbolize? I would really appreciate your insights on this”.

Here is my answer fleshed out in full:

Americans lived in a Made-off and Ponzi bubble economy for a decade or even longer. Madoff is the mirror of the American economy and of its overleveraged agents: a house of cards of leverage over leverage by households, financial firms and corporations that has now gone bust.
When you put zero down on your home and you thus have no equity in your home your leverage is literally infinite and you are playing a Ponzi game.

And the bank that lent you with zero down, a NINJA (no income, no jobs and assets) liar loan that was interest only for a while with negative amortization and an initial teaser rate was also playing a Ponzi game.
And private equity firms that did over a $1 trillion of LBOs in the last few years with debt to earnings ratio of 10 or above were also Ponzi firms playing a Ponzi game.

A government that will issue trillions of dollars of new debt to pay for this severe recession and to socialize private losses may risk to become a Ponzi government if – in the medium term – does not return to fiscal discipline and debt sustainability.

A country that has - for over 25 years - spent more than income and thus run an endless string of current account deficit and has thus become the largest net foreign debtor in the world (with net foreign liabilities that are likely to be over $3 trillion by the end of this year) is also a Ponzi country that may eventually default on its foreign debt if it does not – over time – tighten its belt and start running smaller current account deficits and actual trade surpluses.

Whenever you persistently consume more than your income year after year (a household with negative savings, a government with budget deficit, a firm or financial institution with persistent losses, a country with a current account deficit) you are playing a Ponzi game; in the jargon of formal economics you are not satisfying your long run intertemporal budget constraint as you borrow to finance the interest rate on your previous debt and you are thus following an unsustainable debt dynamics (discounted value of your debt growing without limit in NPV terms as the debt grows faster than the interest rate on it) that eventually leads to outright insolvency.

According to Minsky and according to economic theory Ponz...... (households, firms, banks) are those who need to borrow more to repay both principal and interest on their previous debt; i.e. Minsky’s “Ponzi borrowers” cannot service neither interest or principal payments on their debts. They are called “Ponzi borrowers” as they need persistently increasing prices of the assets they invested in to keep on refinancing their debt obligations.

By this standard media US households whose debt relative to income went from 65 percent 15 years ago to 100 percent in 2000 to 135 percent today were playing a Ponzi game.

And an economy where the total debt to GDP ratio (of households, financial firms and corporations) is now 350 percent was a Made-Off Ponzi economy. And now that home values have fallen 20% and they will fall another 20% before they bottom out and now that equity prices have fallen over 50% (and may fall further) using homes as an ATM machine and borrowing against it to finance Ponzi consumption is not feasible any more. The party is over for households, banks and non-bank highly leveraged corporations.

The bursting of the housing bubble and of the equity bubble and hedge funds bubble and private equity bubble showed that most of the "wealth" that supported the massive leverage and overspending of agents in the economy was a fake bubble-driven wealth; now that these bubble have burst it is clear that the emperor had no clothes and that we are the naked emperor. A rising bubble tide was hiding the fact that most Americans and their banks were swimming naked; and the bursting of the bubble is the low tide that shows who was naked.

Madoff may now spend the rest of his life in prison. The US household and financial and non financial firms and government may spend the next generation in debtor’s prison having to tighten their belts to pay for the losses inflicted by a decade or more of reckless leverage, over consumption and risk taking.