Are there NO 'safe' banks?

Jake'sGran

I am considering putting some money into a few shares; those with a good dividend and which have not suffered as much as the others in the last six months or so like Astra Zeneca, Glaxo Smith Kline. National Grid seems a reasonable bet too. Like Malik I am fed up of looking for good rates and especially now that some fixed ones I have will be maturing in the next few months.

Dealwithit

soulsaver wrote: »

Well there may have been... but one of the problems Japan faced was that it kept forcing solvent banks to merge with the risky ones, thus taking on that risk. As we have done, too.
So Lloyds appeared pretty safe until 'incentivised' to take on HBoS, and to a lesser extent the Nationwide appreared pretty safe but had to subsume risky minnows Cheshire BS & Derbyshire BS.
If property values continue to implode even the more prudent institutions will find themselves with loans secured by lower value asssets. As they could with businesses, too.So what appears safe today may not look so good if there are a lot of repossessions that create huge write offs.

Just a little humour on The Japan banking crisis

Update on the Japanese Banking Crisis:

According to our inside contacts the Japanese banking crisis shows no signs of ameliorating. If anything, it's getting worse.

Following last week's news that Origami Bank had folded, we are hearing that Sumo Bank has gone belly up and Bonsai Bank plans to cut back some of its branches. Karaoke Bank is up for sale and is going for a song.

Meanwhile, shares in Kamikaze Bank have nose-dived and 500 employees at Karate Bank got chopped. Analysts report that there is something fishy going on at Sushi Bank and some staff there fear they may get a raw deal.

Mike1989

Dealwithit wrote: »

Just a little humour on The Japan banking crisis

Update on the Japanese Banking Crisis:

According to our inside contacts the Japanese banking crisis shows no signs of ameliorating. If anything, it's getting worse.

Following last week's news that Origami Bank had folded, we are hearing that Sumo Bank has gone belly up and Bonsai Bank plans to cut back some of its branches. Karaoke Bank is up for sale and is going for a song.

Meanwhile, shares in Kamikaze Bank have nose-dived and 500 employees at Karate Bank got chopped. Analysts report that there is something fishy going on at Sushi Bank and some staff there fear they may get a raw deal.

I know I shouldn't laugh but I couldn't help myself :rotfl: