Thread: 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.

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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&#37; 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.

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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.

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