Report: Wells Fargo, US Bank among safest - Phoenix Business Journal:

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According to , the analysis of the “World’s 50 Safest Banks” shows the effect s of the subprime mortgage meltdowm and credit crisis broughtg on by large WallStreet players. Europeabn banks now dominate the with onlyfour U.S. banks among the listing. which recently merged with and oneof Arizona' largest banks — is the highest-ranking U.S. bank at No. 21, followed by at No. 26, The at No. 35 and which has merged with — at No. 47. Spain’ds , which operates BBVA Compaszs bank branches inthe U.S., was rankedd at No. 13. Four Germab banks were ranked in theTop 10, with state-ownesd development bank KfW Bankengruppe at No. 1.
The to be published in the magazine’s Aprill issue, compare long-term credit ratings and other performance measurementasand assets. “The rating agenciez have determined these banks have demonstrated a more prudentg and sustainable approach to risk thantheit peers,” said Joseph Giarraputo, Global Finance publisher. “More than customers all around the world are viewinv long term creditworthiness as the key feature of the banks with which theydo business.
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