Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Fears Of Another Financial Crisis From The Plunging Big Bank Stock Prices

Wednesday, September 8, 2010 - 1:42 PM
From CNNMoney.com Buzz blog:
Have you looked at how big bank stocks have done in the past few months? If so, you can be forgiven if you break into a cold sweat and start worrying about a repeat of the fall of 2008.

The article mentions that stock prices of mega banks like Bank of America, Wells Fargo, Citigroup and Chase have fallen on average 25% since April. It also mentions other potential issues that have raised fears of a 2008 repeat. I wonder how many years it would take for higher deposit rates if have a repeat of 2008.
2
Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
Rep Points: 125,053
Reply