Friday, June 22nd 2018

Question

Which banks are safe?

Interesting Question?   (6)   (9)



Answers (1)

17th Dec 2009 by Gary

The answer to this question depends upon whether you're talking about investment or deposits, and the size of the banks. For the largest U.S. banks, your deposits are guaranteed, as are most Canadian banks. So safety from that point of view is included at all banks covered with the respective insurance funds of their countries. As far as investments go, there isn't a bank that would be risky to invest in at this time, although their being out of favor and in some cases with low stock prices, gives them a lot of potential upside. For the larger U.S. banks, it's easier to say which one is the least safe, and that is easily Citibank, which has so many problems it recently had the Treasury Department stop the paying back of TARP funds because the share price was so low they would have taken a loss. The truth is we really won't know the extent of the weakness of many banks in the U.S. until after 2010, when ALT-A loans and commercial loans are expected to default in big numbers.

Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



25th Oct 2009 In Banking 1 Answers | 415 Views

Answer This Question / Give Your Opinion
Which banks are safe?


Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *


Give Your Opinion
Difference between fee only financial advisor and commision based financial advisor?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
Difference between fee only financial advisor and commision based financial advisor?
Unanswered Questions in Banking
Which are the major banks in Malaysia?
What do you need to open up a bank account in Hungary?
What is a community bank?
What do you need to open up a bank account in Jordan?
Which are the major banks in Latin America?

Answered Questions in Banking
How to get out of overdraft fees?
What Foreign currency call accounts?
How to open a cd account?
How to open a swiss bank account?
How to get a bank overdraft?
Ask A Question
Get opinions on what you want to know:
Specific to any country?