The 17 safest banks in the world

Despite all of the headlines about a banking crisis in Greece, Europe is home to the world's safest commercial banks, according to a report byGlobal Finance Magazine.The study compares 500 of the world's largest banks and their "long-term foreign currency ratings"issued by Fitch, S&P, and Moody's as of August 2014.The banks are then given a score where 10 points are awarded for a AAArating, 9 points for AA+ rating, and so on, according toAndrew Cunningham,project coordinator for Global Finance Magazine.The ranking does not include banks owned by other banks and government import-export finance institutions.SEE ALSO:JPMorgan's ultimate guide to the markets and the economy 17. National Australia BankCountry: AustraliaAssets: $752,585,000Fitch: AA-Moody's: Aa2S&P: AA-Global Finance ranking score: 22Source: Global Finance Magazine16. Royal Bank of CanadaCountry: CanadaAssets: $823,278,000Fitch: AAMoody's: Aa3S&P: AA-Global Finance ranking score: 22Source: Global Finance Magazine15. RabobankCountry: NetherlandsAssets: $929,719,000Fitch: AA-Moody's: Aa2S&P: AA-Global Finance ranking score: 22Source: Global Finance MagazineSee the rest of the story at Business Insider
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