Skip to main content

The world’s strongest banks:


The list here is interesting insofar that Singapore three banks are all included (Five of Canada’s 6 largest are in the top 20).  Switzerland’s two main banks are in the top 15.  Interestingly, all these countries banking regulators share a common view of banking:  Banks are utility, that are too big to fail, and therefore have to act cautiously.  Granted, Canada has so far been extremely lucky, the commodity boom, and a very healthy housing market have been tremendously helpful to banks' balance sheet, and aside from Australia it is the only housing market where prices are higher today than they were in 2007.  Bloomberg’s rating methodology may prove to be excessively beneficial for financial institutions that operate in small market, where retail deposits account for a higher percentage of their funding base.  Still Canadians will take honors when they are given.

Canadian Banks Ranking

National Bank of Canada #3
Canadian Imperial Bank of Commerce #4
Toronto-Dominion #12
Royal Bank of Canada #17
Bank of Montreal #19
Bank of Nova Scotia (Below #20)

The first two banks are principally domestic – with very little foreign operation/revenues.  Royal Bank of Canada is by far the largest, and Bank of Nova Scotia by far the most international. FYI, #1,2 and 5 are OCBC, Svenska Handelsbanken, and DBS.

Popular posts from this blog

what people get wrong about tariffs

 The issue is simple. What percentage of the economy is dependent on tariff goods? The truth, is that the US economy is far more closed than people understand. People genuinely believe that all manufacturing has ceased to exist in the United States all given to China on the altar of woke policy the truth can be further from That statement. Only about 15% of US GDP is related to foreign trade. Of that amount, slightly more than half is from Canada in Mexico. And half of that is energy. What that means, is that about 7% of US GDP is tariff dependent. The proof in the pudding, is how little money tariff generates. People think that 30 or 50 billion is a lot it’s not in an economy that has $3 trillion. The impact on the US economy will be less visible but not absent. Inflation hasn’t occurred yet first because tests have hardly started to bite, but more importantly it’s such a small percent of the economy. Now certain things are critical. The rare earth metals from China were critical....
Post a Comment
Read more

Trump and Venezuela...

The US now owns Venezuela…and not in a good way.  America is not known for its nation building skills, and yet it now owns the disaster that is Venezuela.   Starvation and exodus are the natural progression.   In addition it will become a haven for narco-terrorists, more so than it already was. I am sure that Trump and his friends really thought that little attack very well…I guess that he will now attack Iran now.  
Post a Comment
Read more

Demographics

 I am preparing a kind of family tree for our children so that they know where they came from.  In my family I am the only survivor, although my brother and sister died recently they were both in their seventies (a story I told already).    It was a fun process, but it provided more than that.  First, I married relatively young I was 26 when I married and nearly 30 when our first child was born.   I was looking at my ancestors.  On my mother's side, she had 6 siblings, Four died before the age of 30, two in war, and two from illnesses.  Only she and a single sister survived.   The two boys had a child each but they died in WWII, and the other sister died as an infant.   what is interesting is that every one of my mother's siblings had children in their early 20s.   I know that my mom was hardly 20 when my brother was born.    What is remarkable is that among our friends, we are the only ones to have fou...
Post a Comment
Read more