Economy

steve2470

(37,457 posts) Sun Jan 7, 2018, 12:23 PM Jan 2018

Does this 2017 list of best and worst banks have any validity ?

https://www.forbes.com/pictures/mli45fhfdk/americas-best-and-worst/#74ab91ee6bef

Sorry, it's a slideshow, grrr.

They say the #1 bank is PacWest Bancorp and the worst (#100) is Associated Banc-Corp.

I can't find the date of the article yet, but it's not super-recent.

eta:

Bank of America ranks No. 97. The $2.2 trillion-in-assets financial behemoth only ranked in the top half of banks on one of 10 metrics (risk-based capital ratio) and operating revenue was down over the past 12 months. “The metrics in this report are backward-looking and don’t reflect the current performance of Bank of America,” according to a BofA spokesperson.

https://www.msn.com/en-us/money/companies/americas-best-and-worst-banks-2017/ar-BBy7rJZ

6 replies

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Highlight:

Does this 2017 list of best and worst banks have any validity ? (Original Post) steve2470 Jan 2018 OP

It doesnt matter because FDIC protects you Cicada Jan 2018 #1

I looked for this to see which major bank is most at risk for failure in 2018 steve2470 Jan 2018 #2

I have seen a list ranking risk, I think it is from the fdic Cicada Jan 2018 #3

thanks, kind of you! nt steve2470 Jan 2018 #5

Search calculated risk unofficial list problem babks Cicada Jan 2018 #4

BofA went on the rocks when Turbineguy Jan 2018 #6

Cicada

(4,533 posts)

1. It doesnt matter because FDIC protects you

Reply to steve2470 (Original post)

Sun Jan 7, 2018, 12:37 PM

Jan 2018

Unless you foolishly have more than the insured amounts in one bank. If you own shares of banks the market already reflects risk in the market price. The Forbes list referred to financial health. If you want to avoid being cheated avoid Wells Fargo, search for most ethical banks. US Bank tells me they have been voted most ethical for 5 years. I don’t know if that is true.

steve2470

(37,457 posts)

2. I looked for this to see which major bank is most at risk for failure in 2018

Reply to Cicada (Reply #1)

Sun Jan 7, 2018, 12:46 PM

Jan 2018

It might be useless to look at a public list. The FDIC, I would hope, would know which banks are at risk.

I probably need to look more at the likes of companies like Bear Stearns, AIG and Lehmann Brothers.

Cicada

(4,533 posts)

3. I have seen a list ranking risk, I think it is from the fdic

Reply to steve2470 (Reply #2)

Sun Jan 7, 2018, 01:33 PM

Jan 2018

I will try to find it again for you. I had a client who inherited millions and had too much in two local banks. One was ranked near the bottom so I got him to diversify. I will try to recreate how I got the list and will get back to you.