Ask anyone which international banks around the world are the strongest and the answer would probably be Citigroup, HSBC or UBS.
Turns out in a latest survey by Bloomberg, OCBC is rated as the world’s strongest banks.
UOB and DBS isn’t shabby at 5 and 6 as well.
This ranking ranks banks not on size but their ability to stay liquid and strong. Thus this is a stamp on these 3 banks and MAS’s job to ensure banks are great and efficient.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.
Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.
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Raymond
Wednesday 12th of October 2011
Care to add in some bank stocks to your dividend tracker?
Drizzt
Thursday 13th of October 2011
Hi Raymond i will evaluate and think about this. Perhaps about time.
Regime
Monday 11th of July 2011
Yea right. Does any investor in Wall Street or the great financial capitals of the world even know DBS, UOB, OCBC? Most likely you will hear a "huh??" from them.
Drizzt
Monday 11th of July 2011
lol Regime! thats true, but if the firm is a great firm they would have got wind of it.
Peter Schiff and Ken Fisher have recommended Singapore companies as do Third Avenue Asset Management.