The magazine published its annual rankings of the world’s 50 safest banks and building societies, with HSBC Holdings in sixteenth place, Nationwide ranked 41, up five places from last year and Barclays Group, ranked 49.
Organisations included in the top 50 were selected through an evaluation of long-term credit ratings from Moody’s, Standard & Poor’s and Fitch and total assets of the 500 largest banks worldwide.
Graeme Hughes, Nationwide’s group director for HR & corporate affairs, said: “This is further evidence that Nationwide’s business strategy of being safe, secure and dependable is successful and puts the building society in an excellent position in the market place.
“To be one of only three UK based financial services organisations to make the global list gives our customers added confidence that we will continue to be there for them throughout the challenging economic climate.”
