BizJournals Portfolio
Oct 09 2008 10:54am EDT

Bank Soundness Datapoint of the Day

This has got to sting, in New York and London:

Canada has the world's soundest banking system, closely followed by Sweden, Luxembourg and Australia, a survey by the World Economic Forum has found as financial crisis and bank failures shake world markets.
Britain, which once ranked in the top five, has slipped to 44th place behind El Salvador and Peru...
The United States, where some of Wall Street's biggest financial names have collapsed in recent weeks, rated only 40.

Namibia is in 17th place. When Namibian banks are in better shape than those in the US or the UK, you know the global economy has changed out of all recognition.

. □


Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.


Connect With Portfolio.com

Come on, like us—you know you want to.

Follow us and if you're an innovative entrepreneur, we'll return the favor.

Today's top stories, conversation starters, and the back nine business bites.

spotlight on

People & Ideas

Whisky To-Go-Go

Now there's a company that let's you taste your knowledge of fine blended Scotches by mixing a whisky of your own. Read More