Monday, April 14, 2008

US Banks Face Unprecedented Challenges

The Federal Reserve numbers do not reassure investors to date. As seen above non-borrowed reserves have never reached a negative value until this year.

The possibility of some banks defaulting has become quite high. I think it would help for you to keep an eye on financial performance of whatever bank(s) you currently work with, and making contingency plans in case your current bank’s books start to look shaky. It pays to stay alert.

0 Reflections: