Weiss Financial Strength Rating: E (Very Weak)
the second largest bank in France with assets of $2.2 trillion
, is rated E (Very Weak) by Weiss Ratings. The bank's meager capital position, weak asset quality and poor profitability are primary factors behind Weiss' evaluation. With a tangible common equity ratio of 1.2%, Credit Agricole is well below the industry average of 8.4%. Nonperforming loans to core capital of 34.7% was worse than the average of 31.5%. Operating income to total assets was also very weak at 0.1% with global average benchmark of 0.8 percent.
Bank of America
(BAC - Get Report)
Weiss Financial Strength Rating: D+ (Weak)
The largest U.S.-based global bank considered weak by Weiss Ratings is Bank of America (BAC), the
tenth largest bank in the world with assets of $2.1 trillion
. The bank reported return on equity of -1.5% for 2011, which is well below the industry average of 10%. Bank of America's reduced profitability due to prior bad loans and restructuring of nonperforming businesses is the primary factor in determining the D+ rating.
Winners and Losers in the Great Global Banking Crisis of 2012-2013
, we partner with our sister company, Weiss Research, to combine the global bank ratings with recommendations from the editor of the
Safe Money Report
, Mike Larson.