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Sanity Claws Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-24-08 04:18 PM
Original message
what to do about securities that are in securities side of
failing bank?
I know they are not FDIC insured. However, if the bank goes into receivership, what happens to the securities side of the bank? I have no idea. Thanks in advance for any responses.
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Speck Tater Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-24-08 04:23 PM
Response to Original message
1. Are you talking about stocks issued by the failing bank, OR
stocks you hold through the bank on OTHER corporations? Stocks you hold on other corporations are your stocks. They do not loose value because the bank holding them for you goes bust.
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Sanity Claws Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-24-08 04:35 PM
Response to Reply #1
2. The latter
Thanks.
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Common Sense Party Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-24-08 11:17 PM
Response to Original message
3. What do you mean "the securities side" of the bank?
Do you mean your bank has an office inside where there is a financial advisor that sells mutual funds, etc.?

What types of securities?
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