Are community banks safe?

Answer On One Hand: Some Are SafeAccording to Karen Tyson of the Independent Community Bankers of America in an article in Newsweek, the majority of community banks did not participate in the subprime len... Read More »

Top Q&A For: Are community banks safe

Are canadian banks safe?

On One Hand: Candian Banks Are SafeAccording to the World Economic Forum in Geneva, Canada's financial system is the healthiest in the world. No Canadian bank has gone belly up or even asked for as... Read More »

Are internet banks safe?

On One Hand: Check LegitimacyAccording to the Federal Deposit Insurance Corporation (FDIC), an internet bank is safe if you can confirm its legitimacy. A legitimate online bank should have an "Abou... Read More »

Is it safe to wash clothes in a community laundry room?

IDK what you'd catch from a community washer or dryer. If you're worried about allergies, you could use a towel (?paper towels?) to wipe the washer out to make sure there isn't any residual fur lef... Read More »

Why do banks loan money to other banks?

Banks loan money to other banks to maximize returns on excess funds and to comply with reserve requirements imposed by the government. Since banks try to maximize the return on all deposits, lendin... Read More »