We have around 8,000 banks and thrifts, and about one-quarter of them don’t make the grade with Weiss Ratings.
Weiss gave 2,259 U.S banks and savings and loans — including some of the biggest names in the industry — a grade of D+ or less in its new survey. These institutions, which control nearly 44 percent of industry assets, are considered vulnerable to further financial difficulties or even failure, Weiss says.
Among those getting a low grade: Bank of America, Citibank, Wachovia Bank, HSBC Bank USA, Suntrust Bank, Regions Bank and RBC Citizens.
Only 962 were considered strong, receiving a grade of B+ or higher. These include Woodforest National Bank and World Financial Network NA, which both got an A; and GE Capital Financial Inc., Nationwide Bank, Bank of The Ozarks, American State Bank, Broadway National Bank, Burke & Herbert Bank & Trust Co. that all got an A-.
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