Safest Banks in North America

According to the Global Finance magazine (www.gfmag.com) rankings of the top 10 "Safest Banks in North America" (October 2010 issue), Canada is home to the top 4 safest banks in the region, led by the Royal Bank of Canada (RBC). RBC is also the largest financial institution in Canada and one of North America’s leading diversified financial services companies, providing personal and commercial banking, insurance, wealth management services, corporate and investment banking and transaction processing services on a global basis.

In the United States, BNY Mellon topped the list nationally and in the top 5 regionally. However, other top US banks such as Bank of America and Citigroup are absent from the list.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE:BK). It is a top leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team.

The World’s Safest Banks in North America
No., Bank, Country
1 Royal Bank of Canada Canada
2 Toronto-Dominion Bank Canada
3 Scotiabank Canada
4 Caisse centrale Desjardins Canada
5 BNY Mellon United States
6 BMO Financial Group Canada
7 CIBC Canada
8 JPMorgan Chase United States
9 Wells Fargo United States
10 U.S. Bancorp United States

Source: Global Finance magazine (2010)

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Safest Banks in Canada

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Author

Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

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