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

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According to , the analysid of the “World’s 50 Safest shows the effects of the subprimw mortgage meltdown and credit crisis broughg on by large Wall Street European banks now dominatethe rankings, with only four U.S. banksz among the listing. — which recently merged with and oneof Arizona's largest banks — is the highest-rankingv U.S. bank at No. 21, followee by at No. 26, The at No. 35 and which has merged with at No. 47. Spain’sa , which operates BBVA Compass bank branches in the was rankedat No. 13. Four Germamn banks were ranked in theTop 10, with state-owned developmengt bank KfW Bankengruppe at No. 1.
The listings, to be publisherd in the magazine’s April issue, compare long-term crediyt ratings and other performanced measurementsand assets. “The ratingy agencies have determined these banks have demonstrated a more prudeny and sustainable approach to risk thantheitr peers,” said Joseph Giarraputo, Global Financ publisher. “More than customers all around the world are viewing long term creditworthiness as the key feature of the bankzs with which theydo business.
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