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bkkandrew · 07-02-2008, 02:26 PM

This from:

How risky are uninsured bank deposits? - MarketWatch

PALM BEACH GARDENS, Fla. (MarketWatch) -- The Federal Deposit Insurance Corp. is gearing up for the prospect of a large bank failure. So double-check that all your deposits, including interest, are well within FDIC insurance limits.

<snip>

If you have uninsured deposits at a bank, should you worry? Possibly. Depositors without FDIC coverage lost money in at least two recent failures -- NetBank, Alpharetta, Ga., and Miami Valley Bank, Lakeview, Ohio.
Of $109 million in uninsured deposits at NetBank, nearly 30% has not yet been reimbursed. Of $14 million in uninsured funds at Miami Valley, only 5.9% of uninsured funds, so far, has been reimbursed.

<snip>

Institutional Risk Analytics, Torrance, Calif., based on FDIC data from that same date, puts Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co, Wachovia Corp. and HSBC Holdings PLC as the riskiest big banks. More recently, Managing Director Chris Whalen cited J.P. Morgan, Citigroup and Bank of America as his chief concerns due to their heavier trading activity.

<snip>

So, no-one inmportant then, Bank of America, JP Morgan Chase, Citigroup, Wachovia Corp and HSBC....

07-02-2008, 02:26 PM	#1 (permalink)
bkkandrew Clingin' on... Join Date: Oct 2007 Location: BKK Posts: 4,158	A note of caution for those with deposits in US Banks This from: How risky are uninsured bank deposits? - MarketWatch PALM BEACH GARDENS, Fla. (MarketWatch) -- The Federal Deposit Insurance Corp. is gearing up for the prospect of a large bank failure. So double-check that all your deposits, including interest, are well within FDIC insurance limits. <snip> If you have uninsured deposits at a bank, should you worry? Possibly. Depositors without FDIC coverage lost money in at least two recent failures -- NetBank, Alpharetta, Ga., and Miami Valley Bank, Lakeview, Ohio. Of $109 million in uninsured deposits at NetBank, nearly 30% has not yet been reimbursed. Of $14 million in uninsured funds at Miami Valley, only 5.9% of uninsured funds, so far, has been reimbursed. <snip> Institutional Risk Analytics, Torrance, Calif., based on FDIC data from that same date, puts Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co, Wachovia Corp. and HSBC Holdings PLC as the riskiest big banks. More recently, Managing Director Chris Whalen cited J.P. Morgan, Citigroup and Bank of America as his chief concerns due to their heavier trading activity. <snip> So, no-one inmportant then, Bank of America, JP Morgan Chase, Citigroup, Wachovia Corp and HSBC.... __________________ The future of TeakDoor: To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. A funny thing happened today - Ant trolls, stalks, prevokes and generally upsets approximately 15 members of the board, yet Noodles goes to jail. Perhaps it was a dream... To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. Last edited by bkkandrew : 07-02-2008 at 02:32 PM.