Which Banks Are Safest?

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  • Vendot
    Confirmed User
    • May 2002
    • 3376

    #1

    Which Banks Are Safest?

    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.
    "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell
  • andrej_NDC
    Registered User
    • May 2004
    • 7760

    #2
    Pretty much any bank in EU.

    And switzerland, of course.

    Comment

    • FreeHugeMovies
      Too lazy to set a custom title
      • Dec 2001
      • 14141

      #3
      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.

      Comment

      • woj
        <&(©¿©)&>
        • Jul 2002
        • 47882

        #4
        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...
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        • GetSCORECash
          Confirmed User
          • Mar 2008
          • 5527

          #5
          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.
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          • Defiance Inc
            Confirmed User
            • Apr 2008
            • 142

            #6
            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.

            Comment

            • VicD
              ICQ: 304-611-162
              • Feb 2005
              • 13245

              #7
              In Holland the "Rabobank" is the safest

              Comment

              • Barefootsies
                Choice is an Illusion
                • Feb 2005
                • 42635

                #8
                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 .

                Last edited by Barefootsies; 07-26-2008, 11:21 AM.
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                • ladida
                  Confirmed User
                  • Nov 2005
                  • 2179

                  #9
                  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.
                  agentGFY *at* gmail.com

                  Comment

                  • DamageX
                    Marketing & Strategy
                    • Jun 2001
                    • 14293

                    #10
                    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.
                    Whitehat is for chumps

                    If you don't do it, somebody else will - true story!

                    Comment

                    • Due
                      Confirmed User
                      • Mar 2001
                      • 3620

                      #11
                      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
                      I buy plugs
                      Skype: Due_Global
                      /Due

                      Comment

                      • Vendot
                        Confirmed User
                        • May 2002
                        • 3376

                        #12
                        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?
                        "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

                        Comment

                        • Hansm
                          Confirmed User
                          • Jun 2002
                          • 871

                          #13
                          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

                          Comment

                          • Hansm
                            Confirmed User
                            • Jun 2002
                            • 871

                            #14
                            ING is indeed a better one, They have a huge position in the netherlands and the USA.

                            Rabobank could take a example of that...

                            Comment

                            • Vendot
                              Confirmed User
                              • May 2002
                              • 3376

                              #15
                              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.
                              "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

                              Comment

                              • DamageX
                                Marketing & Strategy
                                • Jun 2001
                                • 14293

                                #16
                                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.
                                Whitehat is for chumps

                                If you don't do it, somebody else will - true story!

                                Comment

                                • Vendot
                                  Confirmed User
                                  • May 2002
                                  • 3376

                                  #17
                                  Come on lets revive this thread and see if we can discover some grey cells.
                                  "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

                                  Comment

                                  • L-Pink
                                    working on my tan
                                    • Mar 2005
                                    • 39151

                                    #18
                                    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...

                                    Comment

                                    • CurrentlySober
                                      Too lazy to wipe my ass
                                      • Aug 2002
                                      • 38941

                                      #19
                                      Sand Banks!

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


                                      👁️ 👍️ 💩

                                      Comment

                                      • seeandsee
                                        Check SIG!
                                        • Mar 2006
                                        • 50945

                                        #20
                                        switzerland banks , what else?
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                                        Contact here

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                                        • baddog
                                          So Fucking Banned
                                          • Apr 2001
                                          • 107089

                                          #21
                                          I will stick with BofA

                                          Comment

                                          • BradM
                                            Confirmed User
                                            • Dec 2003
                                            • 3397

                                            #22
                                            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.

                                            Comment

                                            • Vendot
                                              Confirmed User
                                              • May 2002
                                              • 3376

                                              #23
                                              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.
                                              "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

                                              Comment

                                              • Vendot
                                                Confirmed User
                                                • May 2002
                                                • 3376

                                                #24
                                                Anyone feel Bank Of America is strong?
                                                "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

                                                Comment

                                                • xmas13
                                                  Confirmed User
                                                  • Dec 2004
                                                  • 5176

                                                  #25
                                                  Chase, Deutsche Bank, Fortis, Credit Agricole.
                                                  ICQ 557504926

                                                  Comment

                                                  • xmas13
                                                    Confirmed User
                                                    • Dec 2004
                                                    • 5176

                                                    #26
                                                    Here is a list to choose from:

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

                                                    In the US, Chase #1, and BoA #2.
                                                    Last edited by xmas13; 09-16-2008, 04:39 PM.
                                                    ICQ 557504926

                                                    Comment

                                                    • Manny_Kaye
                                                      Registered User
                                                      • May 2008
                                                      • 96

                                                      #27
                                                      Wells Fargo





                                                      ICQ 318-45-1155

                                                      Comment

                                                      • ADL Colin
                                                        Too lazy to set a custom title
                                                        • Feb 2001
                                                        • 11929

                                                        #28
                                                        Originally posted by Vendot
                                                        Anyone feel Bank Of America is strong?
                                                        I agree with that.


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                                                        • ADL Colin
                                                          Too lazy to set a custom title
                                                          • Feb 2001
                                                          • 11929

                                                          #29
                                                          Originally posted by Manny_Kaye
                                                          Wells Fargo
                                                          Agree with you


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                                                          • ADL Colin
                                                            Too lazy to set a custom title
                                                            • Feb 2001
                                                            • 11929

                                                            #30
                                                            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."


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                                                            • Vendot
                                                              Confirmed User
                                                              • May 2002
                                                              • 3376

                                                              #31
                                                              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.
                                                              "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

                                                              Comment

                                                              • Manowar
                                                                jellyfish  
                                                                • Dec 2003
                                                                • 71528

                                                                #32
                                                                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

                                                                Comment

                                                                • GigoloShawn
                                                                  Confirmed User
                                                                  • Oct 2007
                                                                  • 700

                                                                  #33
                                                                  BofA was also one of the few not to take on these higher-risk mortgages.
                                                                  I no longer represent TrafficGigolos, please contact Justin or Rebecca with any issues.

                                                                  Comment

                                                                  • ppixel01
                                                                    Confirmed User
                                                                    • Apr 2008
                                                                    • 382

                                                                    #34
                                                                    Most bank now are bankrupt so if you are in US better way is to put it into your own safe
                                                                    NOW I'M NOBODY

                                                                    Comment

                                                                    • Antonio
                                                                      Too lazy to set a custom title
                                                                      • Oct 2001
                                                                      • 14136

                                                                      #35
                                                                      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

                                                                      Comment

                                                                      • Yandros
                                                                        Registered User
                                                                        • May 2006
                                                                        • 26

                                                                        #36
                                                                        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.

                                                                        Comment

                                                                        • Eman - PG
                                                                          PG Co-Boss
                                                                          • Nov 2003
                                                                          • 524

                                                                          #37
                                                                          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
                                                                          Last edited by Eman - PG; 09-21-2008, 06:54 AM.

                                                                          Comment

                                                                          • AngusAl
                                                                            Confirmed User
                                                                            • Apr 2004
                                                                            • 319

                                                                            #38
                                                                            the safest bank that I know of is the Ditch Bank
                                                                            You may beat our prices but you can't BEAT our MEAT
                                                                            http://eastcoastmeats.com

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                                                                            • Sid70
                                                                              Downshifter
                                                                              • Dec 2002
                                                                              • 16413

                                                                              #39
                                                                              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.
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                                                                              • The Judge
                                                                                Confirmed User
                                                                                • Jan 2006
                                                                                • 1647

                                                                                #40
                                                                                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.

                                                                                Comment

                                                                                • Vendot
                                                                                  Confirmed User
                                                                                  • May 2002
                                                                                  • 3376

                                                                                  #41
                                                                                  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
                                                                                  "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

                                                                                  Comment

                                                                                  • DateDoc
                                                                                    Outside looking in.
                                                                                    • Feb 2005
                                                                                    • 14243

                                                                                    #42
                                                                                    I hear a good bit of talk that US Bank is well run and solid.

                                                                                    Comment

                                                                                    • VeriSexy
                                                                                      Join The Royal Family
                                                                                      • Apr 2002
                                                                                      • 25463

                                                                                      #43
                                                                                      The swiss banks of course
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                                                                                      • qxm
                                                                                        Confirmed User
                                                                                        • Jul 2006
                                                                                        • 5970

                                                                                        #44
                                                                                        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>

                                                                                        ICQ: 266990876

                                                                                        Comment

                                                                                        • Eman - PG
                                                                                          PG Co-Boss
                                                                                          • Nov 2003
                                                                                          • 524

                                                                                          #45
                                                                                          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.

                                                                                          Comment

                                                                                          • faxxaff
                                                                                            Confirmed User
                                                                                            • Dec 2002
                                                                                            • 2134

                                                                                            #46
                                                                                            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).
                                                                                            Asian Babes

                                                                                            Comment

                                                                                            • Deputy Chief Command
                                                                                              Deputy Chief Command
                                                                                              • Nov 2005
                                                                                              • 4482

                                                                                              #47
                                                                                              the banks that are buying the bankrupt banks right now ?

                                                                                              Comment

                                                                                              • sortie
                                                                                                Confirmed User
                                                                                                • Mar 2007
                                                                                                • 7771

                                                                                                #48
                                                                                                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.

                                                                                                Comment

                                                                                                • pornguy
                                                                                                  Too lazy to set a custom title
                                                                                                  • Mar 2003
                                                                                                  • 62912

                                                                                                  #49
                                                                                                  Do your self a favor, and go with a credit union.
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                                                                                                  • GigoloShawn
                                                                                                    Confirmed User
                                                                                                    • Oct 2007
                                                                                                    • 700

                                                                                                    #50
                                                                                                    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.
                                                                                                    I no longer represent TrafficGigolos, please contact Justin or Rebecca with any issues.

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