The rating agencies determined these banks have demonstrated a more prudent and sustainable approach to risk than their peers. This is important, as now is the time when customers all around the world are viewing long term creditworthiness as key features of a bank.
Notice the common/local banks in Singapore are rated as such :
- HSBC (19)
- DBS (28)
- UOB (37)
- OCBC (38)
2 comments:
Something on the #1 bank in this list:
"On September 15, 2008, KfW transferred €300 million ($425 million) to Lehman Brothers Holdings on the same day that Lehman filed for bankruptcy, a step that earned the bank an unflattering moniker of "Germany's dumbest bank" in the media."
I always have and always will avoid banking stocks.
Post a Comment