Finance and Economics > Investing and Saving

Is your bank or insurerer on these lists?

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 I have money in Bank of America, should I consider moving the account some place else ? I also have some money in a credit union that is not on the list, but I'm not sure how I tell what is really a good place ..

Wachovia Bank's nickname after all the cash they lost their customers and insanely low interest rates Walkalloverya

Nope, sure ain't!

Well, looks like I have some work to do on this front.  Thanks for posting.

You can see the Texas Ratio for a large number of banks here:

"The Texas ratio is a measure of a bank's credit troubles. Developed by Gerard Cassidy and others at RBC Capital Markets, it is calculated by dividing the value of the lender's non-performing assets (Non performing loans + Real Estate Owned) by the sum of its tangible common equity capital and loan loss reserves.

In analyzing Texas banks during the early 1980s recession, Cassidy noted that banks tended to fail when this ratio reached 1:1, or 100%. He noted a similar pattern among New England banks during the recession of the early 1990s."

(Yes I pulled from the web)


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