SINGAPORE'S Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) have made it to the Global Finance list of the world's 50 safest banks - joining DBS Group Holdings.
New York-based Global Finance magazine is publishing a mid-year update of the listing for the first time because of the turmoil in the world's banking industry.
The magazine ranked 500 banks globally based on their long-term credit ratings by agencies such as Fitch Ratings, Standard & Poor's, as well as Moody's.
The ranking also took the banks' asset size into account.
UOB and OCBC joined the list at 37th and 38th position respectively. About 10 positions higher was DBS at 28th place. DBS was 41st last year.
Well, I hope my money in my local banks will be safe as reported above.
New York-based Global Finance magazine is publishing a mid-year update of the listing for the first time because of the turmoil in the world's banking industry.
The magazine ranked 500 banks globally based on their long-term credit ratings by agencies such as Fitch Ratings, Standard & Poor's, as well as Moody's.
The ranking also took the banks' asset size into account.
UOB and OCBC joined the list at 37th and 38th position respectively. About 10 positions higher was DBS at 28th place. DBS was 41st last year.
Well, I hope my money in my local banks will be safe as reported above.
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