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Can A Bank To Go Bankrupt In Times Of Crisis?
pattibox
post Apr 28 2009, 01:15 PM
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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 ...
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Piper30
post May 15 2009, 09:05 PM
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I've heard of so many small banks closing at this time. Commercial banks are more stable so they have a minimal chance of bankruptcy.


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francessca
post May 18 2009, 03:09 AM
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It's hard to predict what tragic things would arise at this time. It is not impossible to happen. We can never be sure, anything can happen.
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realist
post May 18 2009, 04:29 AM
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QUOTE (pattibox @ Apr 28 2009, 09:15 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 ...


Some governments guarantee deposits up to certain amounts if any bank goes bust.


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syber90
post May 18 2009, 04:47 AM
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The worst is yet to happen. wink.gif


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davidbutton
post May 18 2009, 05:58 AM
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QUOTE (pattibox @ Apr 28 2009, 01:15 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 ...


It is currently difficult to predict the safety of a bank. The instability does not guarantee anything. Depend on governments to provide protection to their respective banks. I know that in New Zealand, Seychelles and other governments use better protection plans for their banks because they are tax free.
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dannyson1
post May 20 2009, 02:10 PM
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QUOTE (davidbutton @ May 18 2009, 05:58 AM) *
It is currently difficult to predict the safety of a bank. The instability does not guarantee anything. Depend on governments to provide protection to their respective banks. I know that in New Zealand, Seychelles and other governments use better protection plans for their banks because they are tax free.


The short answer is yes it can happen, absolutely. Will it happen in advanced countries like the UK or U.S., at least with major commercial banks probably not.


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davidbutton
post May 22 2009, 07:48 AM
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QUOTE (dannyson1 @ May 20 2009, 02:10 PM) *
The short answer is yes it can happen, absolutely. Will it happen in advanced countries like the UK or U.S., at least with major commercial banks probably not.


Currently, the only strategy that banks normally use is the support they receive from their governments, but are also known offshore banks, who help their clients more common as banks, tax-free and with higher interest rates.
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realist
post May 22 2009, 10:13 PM
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I`m sure I remember one of the smaller, more provincial, banks going under quite a few years ago in the US.


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realist
post May 22 2009, 11:21 PM
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And we have to remember one of the very biggest, Lehman Bros, went bankrupt.


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davidbutton
post May 24 2009, 02:08 PM
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QUOTE (realist @ May 23 2009, 12:21 AM) *
And we have to remember one of the very biggest, Lehman Bros, went bankrupt.

That's right! This crisis is going to help small banks and debug at the same time weaken strong banking competition to buy at very low prices. The same strategy was used before in previous crises and gave very good results to a small group of bankers.
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oswaloman
post Jun 7 2009, 01:39 AM
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No want know what will happen. But you must do some research before you joined any banking. All the best


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salenacaitlyn
post Apr 28 2010, 03:08 PM
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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.


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kem5969
post Apr 26 2013, 07:46 PM
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QUOTE (salenacaitlyn @ Apr 28 2010, 04:08 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.


yes. Cyprus near example financial crisis


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ShadowWolf
post Oct 2 2013, 05:24 PM
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Just depends on what country you are in. For instance, in the United States, there is little chance a bank will become insolvent as there are always federal bail outs for banks in crisis in order to protect the consumers money.


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