A mistake in choosing a bank can be very expensive, especially if it was made during an economic crisis. It is not only about favorable terms of cooperation, but also about the reliability of the organization, which people trust with their savings.
There is a stereotype that Swiss banks are the most reliable. In fact, there are many very weak organizations in this country that should not be trusted with their money. However, rating agencies Fitch, Moody’s and S&P gave very high ratings to three Swiss banks. These are Pictet & Cie, Credit Suisse and Zurcher Kantonalbank. The latter was recognized as the most reliable of all Swiss banks.
London is not called the business capital of the world for nothing. It is there that the head offices of some of the most reliable banks are located. In particular, we are talking about HSBC, the largest company in terms of capitalization in 2011 according to the Forbes rating. Interestingly, this bank was founded in Hong Kong, but later its management bought out an English bank, and the head office moved to London. HSBC has offices in 85 countries of the world and has been active in all types of banking activities for many decades. In addition to HSBC, there are offices in London and other most reliable banks, for example, BNP Paribas.
There are banks in the United States that you can trust. We are talking about JP Morgan Chase, one of the oldest and most influential financial institutions in the world, Bank of America with its offices in 120 countries, etc. Citibank is worth mentioning separately. It is one of the largest and most reliable and stable banks in the world, which is part of the Citigroup financial corporation. Citibank was founded in the 19th century and over the decades has proven its reliability to customers. At the moment, this bank operates in more than 100 countries, choosing the states with the most developed economies.
Several reliable banks are located in Japan. These are Mitsubishi Tokyo Financial Group, Mizuho Financial Group, etc. It is also worth mentioning large and reliable European banks. Spanish Banco Santander not only survived the economic crisis, but was also able to strengthen its position. The Dutch Bank Nederlandse Gemeenten in 2011 ranked third among the most reliable banks in the world according to the assessments of the largest rating agencies, and the German state-owned bank KfW came out on top.
