Bloomberg: Canada has strongest banks in the world

Bloomberg recently ranked the World’s Strongest Banks in the June 2011 edition of Bloomberg Markets magazine. (See the link to learn how they crunched their numbers.)

I am proud to report that 5 of the 20 banks are Canadian. The seventh is Fifth-Third – the bank with the silliest name. Here’s the list:
1 Oversea-Chinese Banking (Singapore)

2 Svenska Handelsbanken (Sweden)

3 National Bank of Canada

4 Canadian Imperial Bank of Commerce

5 DBS Group Holdings (Singapore)

6 United Overseas Bank (Singapore)

7 Fifth Third Bancorp (U.S.)

8 Banco Bradesco (Brazil)

9 UBS (Switzerland)

10 BOC Hong Kong

11 Banco Santander Brasil

12 Toronto-Dominion Bank

13 Credit Suisse Group

14 JPMorgan Chase (U.S.)

15 Standard Chartered (U.K.)

16 Citigroup (U.S.)

17 Royal Bank of Canada

18 Hang Seng Bank (Hong Kong)

19 Bank of Montreal

20 Sberbank (Russia)

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