09-29-2008, 11:04 AM
I'm posting a news story but in light of the present mood I feel it is important to us here in East Hawaii.
Title: 5 banks safe from the storm
URL: http://articles.moneycentral.msn.com/Inv...Storm.aspx
Tiny URL: http://tinyurl.com/663fob
Date: 9/8/2008
Excerpt: "In summary, there may be a lot of banks facing the executioner for their mortal sins, and you should steer clear of them -- not just as investments but with your cash."
But others are holding their own and then some, and it's probably worth the trouble to move your funds there just to be safe.
Bank of Hawaii, based in Honolulu, sports a return on equity of 26% and is a full standard deviation above its peers in funding its loans. With just a 0.46% charge-off rate and high average maturity of its loans, Whalen thinks it has done a beautiful job in a tough environment.
My Comment: There are 5 banks that the article focuses on as the most stable banks in the US which include: Northern Trust, US Bancorp, Washington Federal, Charles Schwab Bank, Bank of Hawaii
Title: 5 banks safe from the storm
URL: http://articles.moneycentral.msn.com/Inv...Storm.aspx
Tiny URL: http://tinyurl.com/663fob
Date: 9/8/2008
Excerpt: "In summary, there may be a lot of banks facing the executioner for their mortal sins, and you should steer clear of them -- not just as investments but with your cash."
But others are holding their own and then some, and it's probably worth the trouble to move your funds there just to be safe.
Bank of Hawaii, based in Honolulu, sports a return on equity of 26% and is a full standard deviation above its peers in funding its loans. With just a 0.46% charge-off rate and high average maturity of its loans, Whalen thinks it has done a beautiful job in a tough environment.
My Comment: There are 5 banks that the article focuses on as the most stable banks in the US which include: Northern Trust, US Bancorp, Washington Federal, Charles Schwab Bank, Bank of Hawaii
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Chinese curse "May you live in interesting times".
Chinese curse "May you live in interesting times".