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New bank that is starting to pop up in different places. Husband tells me it's from Spain and since economy is not doing well over there they want to expand here in the U.S. Would you trust this bank? If their struggling over there what's to say they won't fail here. What do you guys think?
New bank that is starting to pop up in different places. Husband tells me it's from Spain and since economy is not doing well over there they want to expand here in the U.S. Would you trust this bank? If their struggling over there what's to say they won't fail here. What do you guys think?
Even if it fails here your checking/savings account is still backed by the FDIC since it operates in the U.S. What bank can you really trust anyway? Bank of America would have went belly up along with Citibank if they hadn't been bailed out.
They have owned Sovereign for a few years and are just slowly changing the names over.When I bought my apartment I financed through Sovereign ,so Santander now holds the mortgage.I think they are a pretty solid international bank.
Santander Bank itself is actually based in Boston, though it is owned by a larger Spain based holding company which owns many banks around the world.It is the largest bank in Europe and one of the biggest in the world.
Ahh that explains it! Thanks. Bluedog! You're right Bark. I trust none of them but unfortunately use one (chase) for my job. Trying to save the old fashioned way.... Hiding money somewhere where no one can find it.
Simple rule: S ->S, W ->W, C ->D
Sovereign ->Santander, Wachovia ->Wells Fargo, Commerce ->tD
Apple still Apple, BoA still BoA, Chase still Chase, Citi still Citi.
For now!
They're particular about how you pronounce their name. It's not San-tander, and not Santan-der, it's san-tan-dere. And if they want to be so particular about it, I won't be banking dere.
Wasn't Sovereign "Citizens" before it was Sovereign?
They're particular about how you pronounce their name. It's not San-tander, and not Santan-der, it's san-tan-dere. And if they want to be so particular about it, I won't be banking dere.
Wasn't Sovereign "Citizens" before it was Sovereign?
How would you like it if everyone called you nibbler or if everyone called you knee-blere?
New bank that is starting to pop up in different places. Husband tells me it's from Spain and since economy is not doing well over there they want to expand here in the U.S. Would you trust this bank? If their struggling over there what's to say they won't fail here. What do you guys think?
Doesn't work that way. If they are here and your bank accounts are secured by FDIC you shouldn't worry (well up to 250k you shouldn't worry).
Also we are in the age of globalism. Did the recession not teach you that one domino falling affects all the dominos now? FWIW I wouldn't exactly call our economy stable these days.
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