Botswana has safer banks than UK

The report found Canada’s banking system to be the safest in the world, followed by Sweden and Luxembourg. The UK has fallen to 44th place in the WEF’s table of banking safety, with a score of 6, compared with Canada’s 6.8. The highest possible score is 7, indicating a healthy system with sound balance sheets. The US also saw the safety of its banks fall considerably and currently sits in 40th place, while Germany ranks 39th. However, the UK did rank highly for depositor protection, sitting in 9th place with a score of 8 out of a possible 10, while New Zealand took the number 1 spot ...