Anyone know a link to someplace listing the "Troubled Bank List" of the FDIC ?
Thanks, B.
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PeterL
How about this:
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I also just got a copy of a report by Richard Bove of Ladenburg Thalmann who rated banks on two factors. You may be able to get a copy from him directly at rxbove at ladenburg dot com.
-------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup.
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joeu2004
Good pointer. Point of information ....
The FDIC closed two banks on Friday: 1st National Bank of Nevada and First Heritage Bank NA.
bankrate.com gave 1st National B of N its lowerst rating: 1 star and CAEL rating 5. Good call!
But bankrate.com gave First Heritage a rating of 3 stars and CAEL rating 3, the same rating as Bank of America (well, B of A NA, Calif).
Conclusion: these ratings are not necessarily a predicter of troubled banks, at least not those at bankrate.com. (Or B of A is at high risk of failing soon.)
I looked over the weekend. I don't know if bankrate.com scrambled to adjust its rating for 1st National B of N. But if it did, it neglected to adjust its rating for First Heritage.
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