Are banks going to collapse soon in this economic climate?

jumperabv3

Are we going to see banks collapsing soon in this economic climate?
What about the big ones in the US? Like Bank of America and Citibank who lost in one day of this week around 20% of their shares?

jonesMUFCforever

No - if you have any spare cash now is the time to invest!

bengalknights

Highly unlikely that any uk bank will go under, in the us smaller regional banks may.

ses6jwg

Yes, yes they most certainly will.

I reccomend queueing up outside your local branch as soon as possible and withdrawing all your money.

jumperabv3

ses6jwg wrote: »

Yes, yes they most certainly will.

I reccomend queueing up outside your local branch as soon as possible and withdrawing all your money.

haha :rotfl:

Mikhail

jumperabv3 wrote: »

Are we going to see banks collapsing soon in this economic climate?
What about the big ones in the US? Like Bank of America and Citibank who lost in one day of this week around 20% of their shares?

Ohhh well you can invest in gold or open Swiss bank account, obviously in Swiss franks.

Of course banks will be collapsing, but not before the government.

Thrugelmir

jonesMUFCforever wrote: »

No - if you have any spare cash now is the time to invest!

I would caution against this. Share prices have fallen for good reasons.