There are several banks out thre which also offer brokerage services. some of the banks may declare bankruptcy due to the credit crisis. I have mutual funds in one of those banks. The funds are holdings of all kinds of stock so I would assume they continue to exist. Or am I wrong? Please advise.
2007-11-12 02:58:56 · 2 answers · asked by spaceskating_girl 3 in Business & Finance ➔ Investing
You're covered by insurance up to x amount, usually 100 Grand, although they usually cover all your money exceeding that amount.
2007-11-12 03:06:16 · answer #1 · answered by ? 5 · 0⤊ 0⤋
properly a minimum of its not the banks money on account which you invested in different avenues. If the financial company is going bankrupt the fed will step in. you need to merely want to circulate your accout to a brokerage organization, you need to like td waterhouse.
2016-12-16 06:11:01 · answer #2 · answered by ? 4 · 0⤊ 0⤋