Follow this link to see how the government is tying to bankrupt the banks by telling people they are going bankrupt. This will cause people to withdraw their money from these banks which in turn will cause the banks to go bankrupt. Are you people ready for martial law?
http://finance.yahoo.com/banking-budgeting/article/108801/the-least-trusted-banks-in-america?mod=bb-checking_savings This is what the article says from New York Times in case they change it later I have copied and pasted it.
From The New York Times today is 2-09-10
Customers of the biggest banks in the United States are the least likely to believe their financial institution does what's best for them as opposed to what's best for the bottom line, according to a new report from Forrester Research.
The report, Forrester's annual Customer Advocacy rankings, ranks nearly 50 financial services firms in the United States by the percentage of each firm's customers who agree with the statement: "My financial provider does what's best for me, not just its own bottom line." The results are based on a survey of about 4,500 consumers.
More from NYTimes.com:
• Money Transfers Between People Could Get Easier Soon
• Citibank, in Settlement, Extends Free Checking
• S.E.C. Enforcers Focus on Avoiding Madoff Repeat
The bottom seven of this year's rankings, first to last, are Bank of America, Chase, Capital One, TD/Commerce, Fifth Third, Citibank, and in last place, HSBC.
Among Bank of America customers, 33 percent agreed with the statement above, while 31 percent of Chase customers agreed, 29 percent of Capital One customers agreed, 28 percent of TD/Commerce Bank customers agreed, 27 percent of Fifth Third Bank customers agreed and 26 percent of Citibank customers agreed.
Among HSBC customers, only 16 percent said they agreed with the statement, the lowest customer advocacy score ever reported in the United States, down 10 percentage points from HSBC's score last year and in line with other recent similar poor rankings of other HSBC units.
To put the rankings in perspective, large banks have generally been at the bottom of the list since the survey was initiated seven years ago, and many of the banks have alternated between the bottom spots year to year, said a Forrester vice president, Bill Doyle, who wasn't aware of anything particular HSBC has done recently that would make its score so low. Last year, for instance, Capital One was at the bottom with 22 percent of its customers agreeing with the statement. In fact, the more customers a banking institution has, the lower its customer advocacy ranking is likely to be, according to Forrester.
Why the poor rankings for the big banks? "Part of it is that the banks are preoccupied with their bottom line. They are public institutions who are in business to make money for their shareholder and inevitably, that shows to customers," Mr. Doyle said.
A high customer advocacy ranking means that customers tend to believe their bank takes their side in disputes, does what is right even if it's not required by regulation to do so, gives fair rates or performance comparisons and is clear about charges and fees, Mr. Doyle said.
Wells Fargo/Wachovia, by contrast, did better than the other big banks. About 40 percent of its customers said they believed the bank does what is best for them, with Wachovia's customers probably pulling up Wells Fargo's ratings, Mr. Doyle said. Wachovia has generally done substantially better in the rankings than the other big banks.
According to Mr. Doyle, customer advocacy rankings are a predictor of customer retention and attrition, and customers who rate their financial service firms high are more likely to consider their firm for additional products. In contrast, customers who give their banks a low ranking are most likely to switch in the next year and are "going to be reluctant to put any more money and open new accounts at those institutions," Mr. Doyle said.
This means the low rankings don't bode well for the bigger banks, many of which are reaching federal limits for how much they can increase deposits by acquiring other banks and must rely on attracting more customers to increase revenue.
Credit unions ranked much higher than the big banks, as they have in previous years, with 70 percent of credit union customers saying their financial institution puts their interests first. Mr. Doyle said this is because of credit unions' different operating model -- they are owned by customers -- and because they tend to emphasize customer service.
After credit unions, the bank run by USAA, a financial services company that serves the military and their families, came in next with 64 percent of its customers agreeing with the statement. It was followed by ING Direct, with 46 percent. Regional banks including PNC, U.S. Bank and BB&T came in next with rankings similar to Wells Fargo/Wachovia. Regional banks, which often can't afford big advertising campaigns, tend to emphasize customer service, Mr. Doyle said.
Insurance firms, meanwhile, remained the highest rated firms for customer advocacy, with more than half of all customers rating their insurers high on customer advocacy and insurers representing two-thirds of the firms in the top half of the rankings. The ranking of investment firms, meanwhile, fell below banks for the first time since the rankings began. Investment firm rankings tend to fall when the market isn't doing well, Mr. Doyle said.
See today's average rates across the country.
MortgageLoan Type Today Last Week
30 Year Fixed 5.08% 5.07%
15 Year Fixed 4.41% 4.49%
1 Year ARM 3.99% 3.79%
30 Year Fixed Jumbo 5.90% 5.88%
5/1 ARM 4.05% 4.07%
3/1 ARM 4.57% 4.67%
Source: Bankrate Home EquityLoan Type Today Last Week
$30K Home Equity Loan 8.25% 8.27%
$50K Home Equity Loan 8.18% 8.18%
$75K Home Equity Loan 8.20% 8.21%
$30K HELOC 5.19% 5.18%
$50K HELOC 4.92% 4.92%
$75K HELOC 4.93% 4.93%
Source: Bankrate SavingsSavings Type Today Last Week
6 month CD 0.88% 0.89%
1 year CD 1.29% 1.30%
3 year CD 2.05% 2.05%
MMA 0.90% 0.87%
$10K MMA 0.98% 0.96%
$25K MMA 1.16% 1.15%
Source: Bankrate AutoLoan Type Today Last Week
36 Month New Car Loan 6.38% 6.43%
48 Month New Car Loan 6.51% 6.56%
60 Month New Car Loan 6.54% 6.59%
72 Month New Car Loan 6.03% 6.03%
36 Month Used Car Loan 6.96% 6.99%
48 Month Used Car Loan 6.86% 6.89%
Source: Bankrate Credit CardsCard Type Today Last Week
Business Credit Cards 11.32% 10.74%
Low Interest Credit Cards 12.17% 12.17%
Cash Back Credit Cards 12.56% 12.49%
Balance Transfer Credit Cards 12.71% 12.40%
Reward Credit Cards 13.77% 13.47%
Airline Credit Cards 14.17% 14.17%
Source: CreditCards.com View rates in your area
Experian - 598 is Bad, 700 is Good. See CREDIT SCORE now $0ADVERTISEMENT
Most Popular ArticlesCharges added in Rajaratnam insider trading case
Reuters - Tue, Feb 9 - 9:58pm ET
Greece rescue talk supports stocks
Reuters - Tue, Feb 9 - 9:55pm ET
JetBlue to Significantly Reduce Scheduled Service for Feb. 10, 2010 due to Winter Storm
PR Newswire - Tue, Feb 9 - 9:21pm ET
Kayne Anderson Files 2009 Annual Reports for KYN and KYE
Business Wire - Tue, Feb 9 - 9:09pm ET
View more popular articles
More from Yahoo! Sources
Make Less Than $45,000/Year?
You May Qualify for a Grant to Go Back to School.
www.CollegeDegreeExpert.com Refinance Now at 3.4% APR
$160,000 mortgage under $752/mo. Free. No Obligation. Get 4 quotes now.
MortgageRefinance.LendGo.com Obama Urges Homeowners to Refinance
Rates Hit 3.62% APR! Calculate New Mortgage Payment Now.
www.SeeRefinanceRates.com Buy Stocks - $4 Fee at ShareBuilder
No Account or Investment Minimums. $50 Account Bonus! Don’t miss out.
www.sharebuilder.com Super Cheap Home Insurance
Get Discount Homeowners Insurance Online – Rates from $20 / Month.
Discount-Home-Insurance.org Super Cheap Car Insurance Quotes
Get Discount Auto Insurance Quotes Online - Rates from $15 / Month.
Banking & Budgeting
Banking & Budgeting
Career & Work
College & Education
Family & Home
ALSO ON Y! FINANCE