Avoid banks if...

[cojak]

they meet any or all or these criteria

1) They originate in a newly de-regulated economy/banking system
2) They originate in politically unstable/potentially corrupt political systems (seriously, don't say "that's GB"...)
3) Companies within the host country start to make newsworthy acquisitions at a fast pace.
4) "High Growth/Tiger economy" phrases start creeping into these articles
5) Lack of an income generating (manufacturing) base - where does all this money to buy things come from?
6) They suddenly appear as No. 1 - the Sunday broadsheets "best rate" tables...
7) If a UK bank - have they been bought out by a parent with any of the above?

Examples:

ICICI Bank UK
First Bank of Nigeria (who in their right mind thought that was a good idea???)

[DiscoStu]

8) AtW tells you to

[cojak]

PS. If you dislike risk don't go for a bank if it meets 1 of those criteria.

The more criteria you accept = the more risk you like

HTH.

[Cyberman]

I would stick Bank Santander on your list and they own the Abbey, Cater Allen and B&B !!

[cupidstunt]

I would stick Bank Santander on your list and they own the Abbey, Cater Allen and B&B !!

Is this based on any fact, reasoning or special information or more opinionated drivel from a cretin?

[AlfredJPruffock]

Youve probably heard the old Chinese agage - With crises comes opportunity.

Following the collapse of the International Banking System (wow! who would have creditied it - eh ?!) the public are cying out for a save haven for their hard earned pennys.

To satisfy this demand I have created Banco Diablo (c)

I have registered this bank offworld on Titan which means favorable tax breaks.

The website is under construction - min opening acccount balance being 51k.

Dont miss this exceptional opportunity.

[Advocate]

I would stick Bank Santander on your list and they own the Abbey, Cater Allen and B&B !!

My understanding was that they're doing well because they operate under stricter controls and governance than most banks and therefore have more cash reserves...

[Cyberman]

My understanding was that they're doing well because they operate under stricter controls and governance than most banks and therefore have more cash reserves...

Like any bank we do not know what their levels of subprime are, and also the Spanish housing market must surely be going through the worst recession ever. In fact the whole Spanish economy is in a mess because people will not go there on holiday from the UK because of the recession here and strong Euro. The UK is one of their biggest customers.

Big does not mean safe with dried-up moneymarkets, greed etc, as we should all know by now, but I get very suspicious when people such as AtW tell me that they are the safest bank.

[cupidstunt]

Is this based on any fact, reasoning or special information or more opinionated drivel from a cretin?

Like any bank we do not know what their levels of subprime are, and also the Spanish housing market must surely be going through the worst recession ever. In fact the whole Spanish economy is in a mess because people will not go there on holiday from the UK because of the recession here and strong Euro. The UK is one of their biggest customers.

Big does not mean safe with dried-up moneymarkets, greed etc, as we should all know by now, but I get very suspicious when people such as AtW tell me that they are the safest bank.

Well I guess that answers that then.

[sasguru]

they meet any or all or these criteria

1) They originate in a newly de-regulated economy/banking system
2) They originate in politically unstable/potentially corrupt political systems (seriously, don't say "that's GB"...)
3) Companies within the host country start to make newsworthy acquisitions at a fast pace.
4) "High Growth/Tiger economy" phrases start creeping into these articles
5) Lack of an income generating (manufacturing) base - where does all this money to buy things come from?
6) They suddenly appear as No. 1 - the Sunday broadsheets "best rate" tables...
7) If a UK bank - have they been bought out by a parent with any of the above?

Examples:

ICICI Bank UK
First Bank of Nigeria (who in their right mind thought that was a good idea???)

Ok I won't use point 2 as requested, but point 5 means don't touch a UK bank.