Which banks, if any, do you think will fail this time around?

michaels

What is the story with BoA?

Generali

michaels wrote: »

What is the story with BoA?

Getting sued all over the place for their actions during and after the housing boom. It looks like there were some pretty straightforward cases of fraud. AIG are suing for $10,000,000,000. BoA are also trying to settle claims by the states for $8,500,000,000 which many of the states, most notably NY, are opposed to.

They are potentially insolvent if the claims go against them.

bendix

If anyone seriously thinks any major UK or European bank is going to fail, they're a complete cretin.

One or two dodgy Spanish or Italian outfits perhaps - a la Iceland - but no bank anyone with an ounce of sense would work with.

Bullfighter

bendix wrote: »

If anyone seriously thinks any major UK or European bank is going to fail, they're a complete cretin.

One or two dodgy Spanish or Italian outfits perhaps - a la Iceland - but no bank anyone with an ounce of sense would work with.

UniCredit under normal banking conditions are be a bit of a disaster anyway- their wealth management arm Pioneer was hit hard by it's exposure to the Madoff affair, then there's the whole Libya exposure on top of what I think are significant liabilities in derivative trades as well. Chuck in some still undisclosed North Italian city/province debts and you have a recipe for another failure.

Also, as the Swiss franc gains, more and more loans in Eastern Europe and the Balkans are going under. UniCredit is the final resting place for those losses.