Credit crunch may take out large US bank

more: http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4563171.ece

August 19, 2008

Credit crunch may take out large US bank warns former IMF chiefGary Duncan, Economics Editor and Leo Lewis, Asia Business Correspondent

The deepening toll from the global financial crisis could trigger the failure of a large US bank within months, a respected former chief economist of the International Monetary Fund claimed today, fuelling another battering for banking shares.

Professor Kenneth Rogoff, a leading academic economist, said there was yet worse news to come from the worldwide credit crunch and financial turmoil, particularly in the United States, and that a high-profile casualty among American banks was highly likely.

“The US is not out of the woods. I think the financial crisis is at the halfway point, perhaps. I would even go further to say the worst is to come,” Prof Rogoff said at a conference in Singapore.

which one?

My bet is on WA MU Washington Mutual. This bank has been teetering for months there is a lot of stuff they are not divulging.
But then again I've heard that CITIBANK is breathing its last gasps. Even though they were bailed out last year by Saudi rescuers.