Will banks like Wells Fargo and Citibank go bankrupt?

How safe is it to get your money there and get CD’s?

Technorati Tags:

Posted February 22nd, 2010 in How To Go Bankrupt. Tagged: .

2 comments:

  1. suzanne:

    Citibank is looking very weak. I don’t know Wells Fargo (I am from New Zealand, we don’t have either of them).

    None of your banks or investment companies look safe.

    February 22nd, 2010 at 7:04 pm
  2. TellyB:

    Each bank account is insured by the federal government up to $100,000. So if you have bank accounts for less than $100,000 than you should move some money to another bank account. CD’s are usually not insured – check with the company who issued your CD to be clear on what is insured. The CDs should be fine and if you take the money out of a CD before the term is up, there is a charge that applys.

    Wells Fargo and Citibank have good ratings on financial health.

    February 22nd, 2010 at 7:04 pm

Leave a response:

-->