Can a bank to go bankrupt in times of crisis?

gnatty · #1 04-30-2009, 02:38 PM

In the middle of the chaos bankruptcies of banks is more topical and deeply concerned, and rightly so, to many investors and savers.
Now that many savers and investors will ask is:
Could my bank to go bankrupt in the coming months?
Could we lose the money we have deposited?
The answer in these cases is uncertain, even onshore banks do not guarantee the protection of the angel investors ...

Martin · #2 04-30-2009, 05:37 PM

In a time of financial crisis it's safier to spread your money among several banks, than keeping it in one place. Am I right?

teenwolf41 · #3 05-01-2009, 04:45 AM

Quote:

Originally Posted by gnatty

In the middle of the chaos bankruptcies of banks is more topical and deeply concerned, and rightly so, to many investors and savers.
Now that many savers and investors will ask is:
Could my bank to go bankrupt in the coming months?
Could we lose the money we have deposited?
The answer in these cases is uncertain, even onshore banks do not guarantee the protection of the angel investors ...

The FDIC insures all deposited money up to 250K in banks if they do go bankrupt. If you have a lot of money it's advised to spread that money across several banks especially in this time in the economy.

Paige30 · #4 05-06-2009, 08:15 AM

I think commercial banks are more stable but there’s a big possibility on rural banks. But to be sure, it’s better to invest not just on banks alone. Try other investment as well which offers greater interest rate than banks. I’m sure there is.

huuu · #5 05-06-2009, 09:30 AM

If the bank is bankrupt,the country will take out the money to save it,I think.

Martin · #6 05-06-2009, 12:36 PM

Quote:

Originally Posted by huuu

If the bank is bankrupt,the country will take out the money to save it,I think.

And if the country is bankrupt, like it happened with Iceland, if I'm not wrong?

blueonline · #7 06-07-2009, 11:35 PM

Banks will survive the latest financial crisis and based on experience, they might not become bankrupt, not at least dozens of them. You know, good news have already begun to hear and the concerns are going to be eased soon. Perhaps a good idea is trying out the banks operating in other countries or using the ones having international presence. I think the local banks might be more vulnerable to the crisis than the ones having several global branches and sections.