where can I find the list of troubled banks?
Answers
2641 points
MNSL answered 2 months ago …
Pl see following links:
http://bankimplode.com/blog/category/writedowns-and-distress/
http://www.tampabay.com/news/business/banking/article786304.ece
http://www.godlikeproductions.com/forum1/message514318/pg1
http://www.theaustralian.news.com.au/story/0,25197,24174219-20501,00.html< /a>
Chief executive Ralph Norris issued a cautious outlook, saying the disruption to financial markets in 2008 would continue into next year and possibly beyond.
Banks exposures to commodities and property have become troubled banks now.
Situation is very precarious worldwide now. Financials institutions, property developers have become bankrupt now. Some are going to receiverships now. Worst to come in the next 12 months.
Worsening credit market can cause more banks to fall. Situation is not limited to USA now. There are troubles banks in other countries as well.
Thee top investment banks, insurance banks and other funds and financial institutions encouraged public to invest in their sophisticated property, superannuation, commodity instruments and in thier growth funds etc. They said they can beat the market. However, market has beaten them this time. Now some of them are about to becomes bankrupt. Of course some already have become bankrupt and have gone to receiverships.
First of all why did these markets participants over invest in the property sector? Those who participated for this processes should take responsibility. Some have lost their entire savings and retirement money.
As a results of this all types of assets such as property, commodity and arts prices have come down and there will be further dramatic fall in the above assets in the next 12 months. and .beyond.
2641 points
MNSL answered 2 months ago …
http://www.xomba.com/list_of_banks_that_are_in_trouble
ABC New has tabulated a list of banks that could possibly be in trouble in the near future. They have used what is called the "Texas ratio" which compares bank's assets and reserves to its non-performing loans. Any rating over a 100 would mean that the bank is in serious trouble.
Here are the 9 banks that currently have a rating over 100:
Colordao Federal Savings Bank
Eastern Savings Bank, FSB
Integrity Bank
Ameribank, Inc.
First Priority Bank
First Security National Bank
Magnet Bank
Security Pacific Bank
First National Bank of Brookfield
The State Bank of Lebo
xomba.com/list_of_banks_that_are_in_trouble
408 points
SallyG answered 2 months ago …
www.bankrate.com offers analysis of many domestic banks: a 1-5 star rating (more stars = better) and a CAEL (CAMEL, a standard industry rating, without the "M". They briefly explain this system, under which a lower number is better). They also provide a memorandum on each bank that includes some information on which they base their ratings.
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