Global Finance magazine named the Worldâ€™s 50 safest banks this year. These banks were selected through a comparison of the long-term credit ratings and total assets of the 500 largest banks around the world. Ratings from Moodyâ€™s, Standard & Poorâ€™s and Fitch were used.
Hereâ€™s how Canadian banks ranked:
10. Royal Bank of Canada
14. Toronto-Dominion Bank
33. Bank of Montreal
KfW Bank in Germany topped the list as the safest bank in the world. Surprisingly, very few Asian banks made it to the top 50 safest banks.