- Language: English
- Published: July 2014
- Region: Europe
Weiss Ratings Guide to Banks & Thrifts 2013 Editions
- Published: July 2014
- Region: United States
- 600 Pages
- Grey House Publishing Inc
Nearly 300 banks have failed from January 1, 2008 through February 10, 2011. As the banking industry continues to pull out of these shaky times, it is more important than ever for consumers to make sure that their money is safe. Weiss Ratings Guide to Banks & Thrifts provides accurate, unbiased ratings of the financial strength of over 8,500 US commercial banks, savings banks and savings & loans.
- Updated quarterly to ensure that users have access to the most current information
- Index of Banks & Thrifts – with user-friendly letter-grade ratings, city & state, letter-grade ratings from the previous three years, to identify trends and recent changes, along with data that show's the institution's strong and weak points, assets in commercial, consumer and mortgage loans, capitalization index, risk-based capital ratio, data on non-performing loans, profitability index, liquidity index and more
- Weiss Recommended Companies – arranged by state for easy location of the best bank in your area
- Rating Upgrades & Downgrades – lists banks that have been upgraded or downgraded in the last quarter, along with an explanation for their change in status
- Recent Bank & Thrift Failures
- Glossary of Terms
Weiss Ratings Guide to Banks & Thrifts will be a must for individuals who are concerned about the safety of their CD or savings account, need to be sure that an existing line of credit will be there when they need it, or simply want to avoid the hassles of dealing with a failing or troubled institution. More than ever, consumers need this important information, this guide is a must for all reference collections.
Weiss Ratings Guides
Weiss's rating scale is extremely straightforward and easy to understand. There are no complicated number grades to interpret, no colored paper to decode, and no stars to count. Instead, each entry gets a simple, intuitive letter grade that immediately identifies the wheat from the chaff. This is one more reason why Weiss Ratings is widely recognized as "America's Consumer Advocate for Financial Safety." The Weiss Safety Ratings have been proven to be the most accurate available from any of the major rating agencies. Plus, unlike the other major rating agencies, Weiss does not accept compensation from the companies it rates, and thus does not allow companies to influence the ratings they receive or to suppress the release of their ratings. In fact, the U.S. General Accounting Office (GAO) validated Weiss' accuracy in its Insurance Ratings study, and that same superior rating methodology is used when deriving all other ratings as well. SHOW LESS READ MORE >
How to Use This Guide
About Weiss Financial Strength Ratings
Important Warnings and Cautions
Section I. Index of Banks and Thrifts
Section II. Weiss Recommended Companies
Section III. Rating Upgrades and Downgrades
Recent Bank and Thrift Failures.
How Do Banks and Credit Unions Differ?
"Weiss rates more financial institutions than it's competitors and does so more accurately..."
"Some of the industry's players are too close to the firms they assess. Weiss' independent evaluations and bell-shaped results provide us with the opportunity to level the playing field and pick the most financially stable companies for our program."
Washington Mutual Customer
"Large public and academic libraries most definitely need to acquire the work. Likewise, special libraries in large corporations will find this title indispensable."