With runners up being:
Sweden, Luxembourg, Australia, Denmark, Netherlands
And coming in third:
Belgium, New Zealand, Ireland, Malta
The United States? Ranked 40th. Zimbabwe? 122nd.
The methodology for the results isn’t all that clear but it was based on the opinion of 12,000 executives which ranked banks based on a scale of 1 (insolvent) to 7 (healthy).
So then, why are the Canadian banks getting spanked in the stock market? Here’s a chart of the weakest Canadian bank, CIBC, having fallen about 53% from the when the market topped in October 2007:
In comparison, Bank of America (BAC) has fallen 59% in the same time span and Citigroup (C) 68%. Case of the baby getting thrown out with the bathwater?
Enjoyed this? Don't miss the next one, grab the feed or