Which Banks Are Safest?

[Vendot]

What are the worlds safest banks in view of this credit crisis.... which are the least exposed to subprime debt, in the western world and further afield ie china? japan?

Lets name some names of the most solid financial institutions where you'd be comfortable to keep your money in the next few years.

[andrej_NDC]

Pretty much any bank in EU.

And switzerland, of course.

[FreeHugeMovies]

If you are in the US. Just make sure you don't have more than 100k in any bank as the FDIC doesn't insure anything over 100k.

[woj]

Originally Posted by FreeHugeMovies

If you are in the US. Just make sure you don't have more than 100k in any bank as the FDIC doesn't insure anything over 100k.

Yea, just keep under 100k, and you will be fine... in the worst case your funds will get locked up for a few months, but you will eventually get it back...

[GetSCORECash]

Originally Posted by FreeHugeMovies

If you are in the US. Just make sure you don't have more than 100k in any bank as the FDIC doesn't insure anything over 100k.

Correct, and keep yourself to the Big Banks. Chase in particular looks like a good place to keep your money.

[Defiance Inc]

ING is in a good position, and have posted profits. They didn't expose themselves heavily to subprimes. They don't offer as high as interest, but their customer service is killer.

[VicD]

In Holland the "Rabobank" is the safest

[Barefootsies]

Credit Unions.

Most did not get into the sub-prime loans, and are solid. So no worries. While all these "major banks" you refer to as the safest have been turning down loans, credit cards, and lending in general (as my business partner with his 40 properties, yacht, half mil house, and triple A+ credit if finding out) my credit union has approved for me 2 personal loans, 1 refinance of a vehicle, 1 brand new sea doo, and nice limit on a new credit card. So I closed all my others. On top of that, they approved me for a mortgage even higher than mortgage brokers were willing to give me.

In this supposed "credit crunch", I have yet to feel it .

[ladida]

Banks won't fall because they're so well backed up it's insane. Those banks that supposedly "fall through" fall either because they stole the money and intended to do so, so they can get away with it easier, or they dealt with shady things, and goverment closed them down. Other then that, they won't fall.

But if you want to be sure, go with the bank that makes it the hardest for you to get a loan, and requests more insurances then other.

[DamageX]

In the US? None.

Originally Posted by andrej_NDC

Pretty much any bank in EU.

Not true at all.

Originally Posted by andrej_NDC

And switzerland, of course.

That', however, I can't argue with.

[Due]

There is one named something with FDIC that have been quiet aggressive recently, supposedly they have taken over a couple of banks already this year
Just be carefull with them, seems you can't have an account balance higher than $100K with them

[Vendot]

Originally Posted by VicD

In Holland the "Rabobank" is the safest

Ive heard a lot about Rabobank being safe.

What about the canadian, jap and chinese banks? They are supposed to be safe too. At the end of the day why keep your money in a US bank if you know that because of the proximity they may be more likely to have unsafe holdings, investments or exposure in some way to sub prime?

[Hansm]

I hope for you, That you will get another bank before your funds will be blocked.

RABOBANK does not like Adult Bussiness, Too high risk, Second its the most terrible bank on earth, No mortgage if you work for youself, etc...

Maybe you are lucky from before, but look at the day TODAY, Thats more important than your situation.

Originally Posted by VicD

In Holland the "Rabobank" is the safest

[Hansm]

ING is indeed a better one, They have a huge position in the netherlands and the USA.

Rabobank could take a example of that...

[Vendot]

Originally Posted by Hansm

Second its the most terrible bank on earth, No mortgage if you work for youself, etc...

So.... the fact that they are conversative with the issuance of mortgages makes them terrible? When its the exact opposite of conservatism that caused almost depression-era downturns across the planet and threatens to wreck the world economy.

[DamageX]

Originally Posted by Vendot

At the end of the day why keep your money in a US bank if you know that because of the proximity they may be more likely to have unsafe holdings, investments or exposure in some way to sub prime?

As long as you keep less than $100K in an FDIC insured bank, you should be OK.

[Vendot]

Come on lets revive this thread and see if we can discover some grey cells.

[L-Pink]

Originally Posted by woj

Yea, just keep under 100k, and you will be fine... in the worst case your funds will get locked up for a few months, but you will eventually get it back...

[CurrentlySober]

Sand Banks!

Just don't dig a tunnel into them and you'll be fine !

[seeandsee]

switzerland banks , what else?

[baddog]

I will stick with BofA

[BradM]

FDIC has 53 billion to cover. There's 2.3 trillion in potential debt they have to cover.

Do the math. Put your cash in a mattress.

[Vendot]

Originally Posted by BradM

Do the math. Put your cash in a mattress.

Why a mattress? How does that help mathematically?

(a) The mattress will be very uncomfortable and therefore lose its primary use.
(b) The cash will over time accumulate bed bugs and soak in your sweat & cum.
(c) Even if the cash does survive your bodily fluids, itll lose its value over time.

Id rather spend the cash on gold and keep the gold in a safe.

[Vendot]

Anyone feel Bank Of America is strong?

[xmas13]

Chase, Deutsche Bank, Fortis, Credit Agricole.

[xmas13]

Here is a list to choose from:

http://www.bankersalmanac.com/addcon...k/wldrank.aspx

In the US, Chase #1, and BoA #2.

[Manny_Kaye]

Wells Fargo

[ADL Colin]

Originally Posted by Vendot

Anyone feel Bank Of America is strong?

I agree with that.

[ADL Colin]

Originally Posted by Manny_Kaye

Wells Fargo

Agree with you

[ADL Colin]

Originally Posted by Barefootsies

Credit Unions.

Most did not get into the sub-prime loans, and are solid. So no worries. While all these "major banks" you refer to as the safest have been turning down loans, credit cards, and lending in general (as my business partner with his 40 properties, yacht, half mil house, and triple A+ credit if finding out) my credit union has approved for me 2 personal loans, 1 refinance of a vehicle, 1 brand new sea doo, and nice limit on a new credit card. So I closed all my others. On top of that, they approved me for a mortgage even higher than mortgage brokers were willing to give me.

In this supposed "credit crunch", I have yet to feel it .

I remember reading somewhere that about 10 credit unions had gone under recently.

EXAMPLE

"January, 2008 It was announced late Friday that CAL State 9 Credit Union would be placed into conservatorship under the National Credit Union Administration (NCUA).

Regarding Cal State 9, this San Francisco Chronicle article received a quote from a California official who stated that the action was ?related to the credit union?s defaults on mortgages.? Loan losses in the third quarter ending in September were $54.5 million, up from $17.5 million in the previous quarter. You can view more of the financials of Cal State 9 from this NCUA page."

[Vendot]

Originally Posted by xmas13

Here is a list to choose from:

http://www.bankersalmanac.com/addcon...k/wldrank.aspx

In the US, Chase #1, and BoA #2.

Thats a scary list you got there. Royal Bank of Scotland (Hbos) is number 1.

As you may know there was almost a run on that bank last week and it was bought the next day by Lloyds TSB. Damn, things are fucked.

[Manowar]

Originally Posted by xmas13

Here is a list to choose from:

http://www.bankersalmanac.com/addcon...k/wldrank.aspx

In the US, Chase #1, and BoA #2.

Chase seem solid

[GigoloShawn]

BofA was also one of the few not to take on these higher-risk mortgages.

[ppixel01]

Most bank now are bankrupt so if you are in US better way is to put it into your own safe

[Antonio]

dunno, over here any deopist up to $40 000 is isnured and guaranteed, spread your money between few banks if you have that much cash and then you're ok, should be the same in every more or less normal country

[Yandros]

Little does anyone here realize that soon it will be the standard mortgages which are the cause of all the woes.

The global asset market is correcting and houses that were worth 500,000 will shortly be worth 100,000 -- their actual value. A 500,000 dollar loan on a 100,000 dollar house = unbacked debt. Welcome to reality. Virtually every asset backed loan in the world is about to become an unbacked loan. Thus is the nature of an asset bubble caused by credit expansion.

[Eman - PG]

HSBC
Groupe Credit Agricole
RBS
UBS
BNP Paribas
Santander Central Hispano
Barclays
Credit Suisse
Deutsche Bank
Societe Generale
ABN Amro

Pretty much any Global 50 Bank with a low Debt to Deposit ratio:
http://www.euromoney.com/Popups/PopU...icleID=1533691

[AngusAl]

the safest bank that I know of is the Ditch Bank

[Sid70]

cool, now when you told us where your money is pls provide CC details
On a serious note, i would also stick with top echelon banks and of course under 100k in each.

[The Judge]

List of Overseas Chinese Banks in the United States

* Abacus Federal Savings Bank
* American Continental Bank
* American Premier Bank
* Asia Bank N.A.
* Bank of the Orient
* Cathay Bank
* Chinese American Bank
* Eastbank N.A.
* East West Bank



* EverTrust Bank
* First American International Bank
* First General Bank
* Global Commerce Bank
* Golden Security Bank
* Guaranty Bank of California
* Hawaii National Bank
* Los Angeles National Bank
* MetroCorp Bancshares



* Omni Bank (California)
* Pacific Global Bank
* Preferred Bank
* Southwestern National Bank
* Tomato Bank
* United Commercial Bank
* United International Bank
* United Orient Bank
* Universal Bank


Most are used as covers and to fund Chinese spys and sleepers in the US but you can try them.

[Vendot]

WTF? Was this list put together by a cryogenically frozen retard?

RBS sold due to almost collapse:

http://business.scotsman.com/royalba...-as.4512636.jp

UBS on its knees:

http://www.independent.co.uk/news/bu...wn-803619.html

A lot of commentators say UBS is next.

Originally Posted by Eman - PG

HSBC
Groupe Credit Agricole
RBS
UBS
BNP Paribas
Santander Central Hispano
Barclays
Credit Suisse
Deutsche Bank
Societe Generale
ABN Amro

Pretty much any Global 50 Bank with a low Debt to Deposit ratio:
http://www.euromoney.com/Popups/PopU...icleID=1533691

[DateDoc]

I hear a good bit of talk that US Bank is well run and solid.

[VeriSexy]

The swiss banks of course

[qxm]

I have $43 in a Washington mutual checking account and I am thinking of moving a portion of it to the tree in the backyard and another portion under the mattress ... these days u gotta be diversified....


</lol>

[Eman - PG]

Originally Posted by Vendot

WTF? Was this list put together by a cryogenically frozen retard?

RBS sold due to almost collapse:

http://business.scotsman.com/royalba...-as.4512636.jp

UBS on its knees:

http://www.independent.co.uk/news/bu...wn-803619.html

A lot of commentators say UBS is next.

RBS (Royal Bank of Scotland) has nothing to do with HBOS/Bank of Scotland. HBOS was bought by Lloyds TSB.

[faxxaff]

Austria has some of the best banking laws. Their institutions like Bank Austria or Raiffeisen Bank are rock solid. They have no problems with adult business, but they have high fees.

However, many Swiss, Austrian and EU banks won't accept US citizens as customers. Try, it's not that easy to get an offshore account as a US person.

There are a couple of private banks in Uruguay that are great like LGT and HSBC and don't forget the banks in Hong Kong and Singapore. Their fundaments are build on gold and they are very conservative, but you better don't tell them about adult biz (they don't really want to know .. just don't use them to get payments from adult processors).

[Deputy Chief Command]

the banks that are buying the bankrupt banks right now ?

[sortie]

I'm thinking small credit union is the safest.

I don't think credit unions would make those sub prime loans.

The savings account is paid diviends and not interest so if my monthly statement
show dividends were down then that could be a heads up of any trouble.

Of course I'm guessing here, I don't really know.

[pornguy]

Do your self a favor, and go with a credit union.

[GigoloShawn]

Originally Posted by The Judge

List of Overseas Chinese Banks in the United States

* Hawaii National Bank

No more needs to be said, really. This just gave me a smirk.