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Do banks have ratings?
Old 01-15-2019, 07:18 PM   #1
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Do banks have ratings?

Things like financial strength or security?
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Old 01-15-2019, 07:39 PM   #2
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Depositaccounts.com gives each bank a health grade based on capitalization, deposits and loan data.
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Old 01-15-2019, 07:46 PM   #3
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Thanks!
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Old 01-15-2019, 08:38 PM   #4
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Midsize and larger banks typically have public ratings from Moody's, S&P and sometimes Fitch.
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Old 01-16-2019, 05:16 AM   #5
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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.
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Old 01-16-2019, 06:02 AM   #6
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another one is bankrate.com
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Old 01-16-2019, 10:06 AM   #7
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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?
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Old 01-16-2019, 10:21 AM   #8
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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?
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Old 01-16-2019, 10:25 AM   #9
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I wish bankrate ratings were based on things like low fees, high rates and good service.
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Old 01-16-2019, 10:30 AM   #10
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Quote:
Originally Posted by jetpack View Post
I wish bankrate ratings were based on things like low fees, high rates and good service.

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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