In List of World's Safest Banks, Scroll Way Down...
...to find the first "safe" American bank.
Global Finance ranks the world's banks for safety. It's been a difficult year:
The sovereign debt crisis is still raging in Europe, the Arab Spring outcome is far from clear and global elections have put political stability at risk in some markets. As a result, the credit ratings of European and global banks have been affected, and have moved down the ranking of the World’s Safest Banks. In contrast, a number of banks—particularly in Asia and the Middle East—have benefitted by moving up the ranking.
So where do American banks appear on the list? Keep scrolling.
The first American bank appears in slot #25.
Global Finance uses some pretty standard measures to compile their list:
The ranking was created through an evaluation of long-term credit ratings—from Moody’s, Standard & Poor’s and Fitch Ratings—and total assets of the 500 largest banks worldwide. Global Finance’s ranking of the World’s 50 Safest Banks is a recognized and trusted standard of creditworthiness for the entire financial world. “Counterparty creditworthiness has seldom been of more concern to companies and investors worldwide,” says Global Finance publisher Joseph D. Giarraputo. “Knowing how their counterparties are faring in the face of global economic uncertainty is key. This ranking helps companies and investors to get a view on the relative strength of their counterparties—and global financial institutions."
The highest rated American bank is BNY Mellon. Am I wrong to be troubled by this?