September 30, 200817 yr So you think Bank of America is done? Certainly not, I cant believe they slipped my mind being the largest bank in the country. Thanks for pointing them out. In a nutshell there will be a core of strong banks and those are the ones in my earlier post as well as BOA. On a sidenote a friend told me that a ton of US Banks on the westcoast acknowledged over $200,000,000 in deposits for that region in one day last week amidst the WAMU failure.
September 30, 200817 yr I just got back from our local branch (N.C.B) and was told this As of right now the stock is way down but there have been zero talks of major changes going on. If they make any changes all accounts are F.D.I.C. insured so anyone who has less than 100 thousand in the bank can and will be able to get ALL OF THEIR MONEY OUT!!!
September 30, 200817 yr Plenty of Banks will get out of this just fine. Nat City may recover but it doesn't look very good.
September 30, 200817 yr National City Bank is in trouble trust me. Their HQ is in Cuyahoga County and there were 72,000 foreclosures in that county alone last year. I would have to think they have a bunch of those on their books. There will be only 4 big banks to survive this mess. Wells Fargo, Citibank, US Bank and PNC. JMO That is absurd.
October 1, 200817 yr CVS/Pharmacy pulled all their accounts nation wide at the beginning of August from National City and went to Chase. I know this for fact.
October 1, 200817 yr PNC bank will buy National City. PNC is well capitilized (made a fortune off blackrock) and have been eyeing Nat City for a long time.
October 2, 200817 yr PNC bank will buy National City. PNC is well capitilized (made a fortune off blackrock) and have been eyeing Nat City for a long time. This is what I am hearing as well.
October 2, 200817 yr I'm not worried about my money for two reasons. (1) I'm with US Bank and (2) I don't have enough to worry about.
October 2, 200817 yr I don't really see any reason that would benefit PNC right now. Well, lets see...PNC would take more of the market share that they are currently splitting with Nat City (retail)...and would also be buying Nat City for about .10-.20 cents on the dollar. Value investing.
October 2, 200817 yr They aren't splitting the market with Nat City anymore. They have a strangle hold on it.
October 2, 200817 yr Went to National City yesterday and ask them about it. They said no,it's not in trouble.
October 2, 200817 yr Went to National City yesterday and ask them about it. They said no,it's not in trouble. :lol::lol::lol:
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