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.

Pretty much any bank in EU.

And switzerland, of course.

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...

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

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.

In Holland the "Rabobank" is the safest

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 .

:2 cents:

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.

In the US? None.

Not true at all.

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

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 :2 cents:
Just be carefull with them, seems you can't have an account balance higher than $100K with them

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?

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.

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

Rabobank could take a example of that...

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.

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

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

:2 cents::thumbsup

Sand Banks!

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

switzerland banks , what else?

I will stick with BofA

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. :)

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.

Anyone feel Bank Of America is strong?

Chase, Deutsche Bank, Fortis, Credit Agricole.

Here is a list to choose from:

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

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

Wells Fargo

I agree with that.

Agree with you

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."

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.

Chase seem solid

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

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

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

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.

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

the safest bank that I know of is the Ditch Bank :)

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.

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.