10/07/09 Stockholm, Sweden – You may want to pull your money out immediately if your bank is on this updated unofficial list of troubled banks.
There are simply too many banking options out there to keep your hard-earned money in a bank that’s already having problems. Several recently failed banks were highlighted before going under, and the depositors could have likely avoided the hassles associated with a bank failure had they taken action sooner.
The list includes 463 banks that in aggregate hold a little under $300 billion in assets. According to the article, the list is made possible by information pulled from regulator press releases and public news sources.
More detail and information is available from Calculated Risk, as well as the entire problem bank list.
Rocky Vega
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
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