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Bank of America bail-out agreed

Maximus Zeebra

Maximus Zeebra

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BBC NEWS | Business | Bank of America bail-out agreed

Bank of America will receive $20bn (£13.4bn) in fresh US government aid and $118bn worth of guarantees against bad assets.
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Wow, I thought if there was one bank in the US one could trust it would be Bank Of America.. It was the bank of my choice when I lived in the US. I guess even with this news BOA is still one of the "best" banks in the US.
 
Maximus Zeebra said:
Small banks? Even if you roam around all of the US and use services in different states and locations?
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Since most of them aren't regulated as much, most are able to lend a good amount of money at incredibly low interest and good leeway when time to payback. There are of course, exceptions to the rule but, overall, they are better, at least mine is. :mrgreen:
Well, I was in reality talking about the "federal" style banks.
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Not many of them are good. They are little more than bureaucracies, and I don't know about European Bureacracies but in America, our bureaucracies aren't very good.
 
DarkWizard12 said:
Since most of them aren't regulated as much, most are able to lend a good amount of money at incredibly low interest and good leeway when time to payback. There are of course, exceptions to the rule but, overall, they are better, at least mine is. :mrgreen:

Not many of them are good. They are little more than bureaucracies, and I don't know about European Bureacracies but in America, our bureaucracies aren't very good.
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I dont really know. Personally I just trust the medium to big sized banks, but I am rather picky in my choosing and always end up with the most solid banks, guess that just because of my general knowledge of things, that I exclude "bad choices".

I use ING of Benelux.. Well capitalized and gigantic bank with the best services & facilities and most modern functionalities in the world.
In Spain where I am now, I use a bank called BBVA, which focused mainly on traditional banking.

Since ING is international I can use this everywhere and always feel safe, while I also open accounts in the countries I move to.

All in all I wish all banks had the same progress and modernity as the ones in the Benelux. Banking in for example Spain and Ireland is rather primitive in comparison. And if the US havent had major development in the bank sector the last 5 years, its rather primitive compared to Benelux as well. Even banks in "rich" Norway is primitive compared to banking in Benelux.
Thats why I think in the future when the European cross border bank market is more matured I will only use ING.
 
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