Can a bank go bankrupt?

Question

Would you lose all the money in your account if this could happen.

Answer 1

A bank can go bankrupt, but the money in your account is federally insured up to $100,000 I think.

Answer 2

Banks For Bankrupts

Answer 3

A bank can go bankrupt if its assets are less than its liabilities. This is not a problem for most of its customers since banks are FDIC insured, which means that the federal government insures bank deposits (up to $100,000). However, some people get confused about the difference between banks and other institutions that seem like banks, but are not. For example, you may have a money market account or brokerage account and it seems like a bank. But, look carefully at your statement and you should see the disclaimer "Not FDIC insured" somewhere on it.

Answer 4

Yes, just like the Savings and Loans that went bankrupt in the early 80s.
Charles Keating was buying influence in Washington which resulted in the Keating Five Scandal. It involved Democrats Dennis DeConcini, Alan Cranston, Don Riegle, and John Glenn plus Republican in name only John McCain. John Glenn and John McCain were exonerated, but the other three Democrats lost their jobs in the Senate.
Neil Bush, son of George HW Bush was a Director of Silverado S&L. Neil received a loan from Silverado, but was never found to have committed any crime.
So this turned out to be an exclusive Democrat scandal.

Answer 5

All chartered bank are guranteed by the Federal Government for up to limit of $100,000 of your money in any ONE account at a time. You may have more than ONE account at a bank and thus spread your risk to the # of accounts by 100K

Answer 6

A bank can go bankrupt just like any other institution or company can. Banks are typically less likely to go bankrupt than other risky industry company's though.

Answer 7

Yes....it happened alot in the 1930s and again in the 1980s.

If your bank went under, you could lose anything above $100,000, assuming your bank is FDIC insured.

Answer 8

The bank can go bankrupt but theoretically ,
You should still get your funds up to $100K because of the FDIC insurance .

>

Answer 9

YES, banks can go bankrupt !!! Your account is insured by (we other tax payers) Via the F.D.I.C. for up to $100,000.00 !!
The F.D.I.C. DOES NOT LIKE FOR BANKS TO ADMIT THAT THE CROOKS (BANKERS) MAKE MISTAKES, SO, THE F.D.I.C. USUALLY MAKES "DEALS" WITH ANOTHER BANK "TO TAKE OVER / BUY OUT THE FAILING BANK" !!!
Bankers are not immune to having unscrupulous people in their operations .
Uncle Wil

Answer 10

no banks cant go bankrupt its a trick they steal the money and then cry bankruptcy