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)