Banks in Florida are mostly Weak

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.

About Stephen E. McGaughey
International consultant in economic development programs and projects

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: