By: Robert Clancy
Weekly Updates
According to Bloomberg`s first ever international bank rating, National Bank made the number 1 spot in North America. Canada has 5 banks in the top 20.
Canadian banks have higher capital ratios then anywhere in the world. Capital ratio are one of the most important strengths of any bank and was a major component Bloomberg’s ratings. Capital is a sourse of financial strength and can act a shock absorber against losses or when the economy hits a rough patch.