HSBC, Barclays and Nationwide are the only British institutions to register in Global Finance's list of the world's 50 safest banks but no UK names appear in the top 10.
The annual report highlights concerns over risk-taking and the amount of capital held by banks in the wake of the financial crisis, the Guardian reports. HSBC is the highest-ranking UK bank in the survey with a market cap of $112bn (£73bn) but it slipped one place from last year to 19th position. Barclays is at number 34 while Nationwide, the UK's largest building society, made 46th place. According to the report, UK depositors looking for the safest home for their money should head for the Clydesdale or Yorkshire banks, which are owned by the 11th-ranked National Australia Bank. ...
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