Despite all of the headlines about a banking crisis in Greece, Europe is home to the world’s safest commercial banks, according to a report by Global Finance Magazine. The study compares 500 of the world's largest banks and their "long-term foreign currency ratings" issued by Fitch, S&P, and Moody's as of August 2014. The banks are then given a score where 10 points are awarded for a AAA rating, 9 points for AA+ rating, and so on, according to Andrew Cunningham, project coordinator for Global Finance Magazine. The ranking does not include banks owned by other banks and government import-export finance institutions. SEE ALSO: JPMorgan's ultimate guide to the markets and the economy 17. National Australia Bank Country: Australia Assets: $752,585,000 Fitch: AA- Moody's: Aa2 S&P: AA- Global Finance ranking score: 22 Source: Global Finance Magazine 16. Royal Bank of Canada Country: Canada Assets: $823,278,000 Fitch: AA Moody's: Aa3 S&P: AA- Global Finance ranking score: 22 Source: Global Finance Magazine 15. Rabobank Country: Netherlands Assets: $929,719,000 Fitch: AA- Moody's: Aa2 S&P: AA- Global Finance ranking score: 22 Source: Global Finance Magazine See the rest of the story at Business Insider
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