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01-15-2019, 07:18 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Aug 2017
Posts: 2,040
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Do banks have ratings?
Things like financial strength or security?
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01-15-2019, 07:39 PM
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#2
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Recycles dryer sheets
Join Date: Nov 2013
Posts: 222
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Depositaccounts.com gives each bank a health grade based on capitalization, deposits and loan data.
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01-15-2019, 07:46 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Aug 2017
Posts: 2,040
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Thanks!
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01-15-2019, 08:38 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Midsize and larger banks typically have public ratings from Moody's, S&P and sometimes Fitch.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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01-16-2019, 05:16 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Location: Hog Mountian
Posts: 2,077
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I prefer credit union to banks. Bank objective (maximize profits/shareholder value) can only be achieved through expense of customers. Lately, WF comes to mind. After the Great Depression, bank size was limited/regulated. I believe(?) this was undone in the seventies. We now live with "too big to fail."
When someone tells me how honest, ethical, religious, etc they are, I have to wonder what motivates them to make such a claim. Again, WF comes to mind. If you have to tell me, I have serious doubt. YMMV.
__________________
Never let yesterday use up too much of today.
W. Rogers
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01-16-2019, 06:02 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Jun 2016
Posts: 1,951
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another one is bankrate.com
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01-16-2019, 10:06 AM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,304
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I recently ran across an outfit called Bauer Financial that issues ratings for banks and credit unions. Is anyone familiar with them? How are they different from the others?
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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01-16-2019, 10:21 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,304
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I recently ran across an outfit called Bauer Financial that issues ratings for banks and credit unions. Is anyone familiar with them? How are they different from the others?
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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01-16-2019, 10:25 AM
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#9
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Recycles dryer sheets
Join Date: Aug 2013
Posts: 437
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I wish bankrate ratings were based on things like low fees, high rates and good service.
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01-16-2019, 10:30 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Jun 2016
Posts: 1,951
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Quote:
Originally Posted by jetpack
I wish bankrate ratings were based on things like low fees, high rates and good service.
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I'm looking for the health of the bank to avoid running long term CDs through the FDIC process, so bankrate does just fine by me. The OP was looking for strength and security of the institution.
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