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The 17 safest banks in the world

Barbara Tasch,Amanda Macias   

The 17 safest banks in the world
Stock Market1 min read

wells fargo bank vault

AP

The door to the bank vault at a Wells Fargo bank.

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.

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