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This list represents a small subsection of US banks. The majority of banks are currently well capitalized.
Being on this list does not necessarily mean a bank will fail, as they can try to raise capital or to sell themselves to new investors or another bank
This list is a work in progress.
Please note that this is NOT the OFFICIAL FDIC troubled bank list!
Originally posted by wiredamerican
Something is troubled with bank of america here in my town near puget sound washington state. , the whole branch did not have bills over 20's. No 50's no 100's.
The teller said people were pulling all their cash out of their accounts and drained them of big bills.
Ever had 5 grand counted to you in 20's? It takes a long while.
Originally posted by Schleprock
Does that list include internet banks? I'm looking for hsbc. I'm tempted to pull all my money out of there. The interest rate is so low and with who knows what going to happen, I might just dig a hole in the ground like my gramps did with his money. He never trusted banks after his dad lost all his money in the 1929 stock crash.
Weiss Ratings: 20 Giant Banks Still Vulnerable
Later this morning, Weiss Ratings is issuing a landmark press release, warning that 20 giant U.S. banks are still vulnerable to serious financial difficulties — and even failure....
There are currently 20 very large institutions (with $25 billion or more in assets) in our vulnerable or “weakest” category, including Bank of America, Citibank, Wachovia, HSBC Bank USA, SunTrust, Regions Bank, RBS Citizens, plus the 13 others listed in the table below.
..unfortunately, there are many more which are also vulnerable — a total of 2,259* U.S. banks and thrifts in the U.S. that currently receive a Weiss Rating of D+ or lower.
..fortunately, there are still many strong banks in America — 962 institutions receiving a Weiss Rating of B+ or higher.
..despite the strong banks, the banking system as a whole remains very weak. This is because the weakest banks hold $5.8 trillion, or 44.7 percent of the industry’s total assets. But the strongest banks hold only $483 billion, or a meager 3.7 percent of the industry’s assets. - Full Text
Originally posted by Ex_MislTech
Mostly because they are not allowing the public to view the
official list, this one is deduced using approximately
the same formulas.