Let me get this straight. In order to climb up the ladder, previously “safe” banks would have to have fallen off the grid. And in order to jump from 41 to 28 in a year, it would have meant either DBS improved by leaps and bounds, or a lot of previously declared “safe” banks sank.
So… are they really still safe?
This was the list of safest banks in 2007.
Then number 12, RBS is now 70% owned by the UK government.
Number 35, Wachovia, on 29 Sep, 2008, had to be acquired by Citigroup (#11), which in turn had to be bailed out by the US government.
So my question is: top 50 really very good meh?
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[...] Recession – Blowin’ In The Wind: Foreign workers’ exodus from Singapore – ~eternalhap~: Easier unsecured credit – Just Our Views: Differences in Reporting – Vinyarb: Is DBS, UOB and OCBC really safe? [...]
[...] Recession – Blowin’ In The Wind: Foreign workers’ exodus from Singapore – ~eternalhap~: Easier unsecured credit – Just Our Views: Differences in Reporting – Vinyarb: Is DBS, UOB and OCBC really safe? [...]