Banks in Florida are mostly Weak

February 3, 2011 Leave a comment

Many local Banks in Florida have questionable capital ratios.  This is product of outrageous housing loans and practices.

When it comes to strength and solvency, Florida is among the worst states for banking, according to a new report released by Weiss Ratings.

Nearly 80 percent of the 532 banks and thrifts in Florida are considered weak and have received a D-plus or lower Weiss Financial Strength rating.

via Weiss: Florida among worst for banking | South Florida Business Journal.

Filed under Business and Commerce, Florida, Housing

Unknown's avatarAbout Stephen E. McGaughey
Resident of the City of Coral Gables; Formerly with Inter-American Development Bank, Senior Environmental Project and Policy Leaders, Agricultural Economics, Forest Sector Projects and Policies, Country Representative Financing in El Salvador and the Dominican Republic

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