Best Banks & Financial Rankings
Paloma Piqueras leads Global Wealth and Asset Management at BBVA, Global Finance’s pick this year as the World’s Best Private Bank for Clients with Net Worth Under $1 Million. She speaks about technology, how BBVA structures wealth management and the value of the nonfinancial components of its client service.
The key factor shaking up the rankings this year is the tightening of regulatory oversight worldwide.
Islamic finance is expanding, though its strength is built in the Gulf.
Regulatory strictures have forced European banks to shape up, with positive results for many.
The world’s biggest banks are even bigger than last year. China has the biggest; Europe has the most.
For China’s banks, growth is easier than reducing debt and bad loans.
Almost one in four countries experienced a change of their Safest Bank in 2018, as winners were rewarded for improved financial profiles, higher ratings and asset growth.
China has the world’s biggest banks, so it’s no surprise that it leads the emerging markets rankings. The rest of the BRICs are well represented, too.