World’s 50 Safest Banks 2012:
http://www.gfmag.com/tools/best-banks/11661-worlds-50-safest-banks-april-2012.html#axzz20t3tARqM
10. Royal Bank of Canada
11. Toronto Dominion Bank
14. Bank of Nova Scotia
18. Caisse centrale Desjardins (primarily in Quebec)
23. Bank of Montreal
24. Canadian Imperial Bank of Commerce
40. National Bank of Canada
American banks in the World top 50:
25. BNY Mellon
31. CoBank ACB
36. JPMorgan Chase
38. U.S. Bancorp
41. Northern Trust Corporation
When I spoke to my TD BANK rep he said that American holdings are different than Canadian holdings and although the banks have the same name they do not intermingle. So the question is American TD or Canadian TD?
http://alansmoneyblog.com/wp-content/uploads/2007/11/safest_banks.gif
In 2007 only 4 Canadian banks were in the World top 50:
17. Royal Bank of Canada
27. Toronto-Dominion
38. Bank of Nova Scotia
48. Bank of Montreal
7 American banks were in the top 50.
8. Wells Fargo
11. CitiBank
24. Bank of America
30. US Bancorp
35. Wachovia
41. State Street
44. JP Morgan Chase
This should be an eye opener for anyone who thinks that the American financial sector has turned the corner. America continues to be the world’s leading economy because it still has the highest number of active consumers, but that position cannot be sustained unless America recovers some of its manufacturing base and brings its government spending under control. You have only a few years remaining until you descend into Spain/Greece territory. I’m not saying this as a way of bragging about short-term Canadian success. If America implodes, we will be the first ones to suffer the residual impact. Canada needs America to be successful. We wish you good fortune in November.
