HISTORICALLY, BANKS HAVE BEEN STRESSED!
REMEMBER THE GREAT DEPRESSION, EITHER PERSONALLY OR HISTORICALLY!
and THEN THERE WAS 2008. If you live in Ohio, there were bank crises in between as well. Remember, I am not naming banks, especially because they keep changing names, but it was kind of scary that the bank of my childhood was not exempt over the years. But then again LOCAL SMALL Banks in Ohio also experienced their own problems.
As a result of the 2008 Economic Downturn, there are fewer banks today than there were before. The US Government created stress tests to test the capitalization of banks of all types. That was not all bad because in an effort to increase their bottom lines, banks became great lenders, even to those who were not credit worthy because after all everybody was entitled to own their own home, and the banks were more than eager to help EVERYONE do that! After all, they made money on loans and associated services of buying and owning that home. Until they didn’t!
it is interesting to note that Stress is a leading health problem, and the greatest stressor for folks is financial. Boy is there stress when it is the bank that is causing financial stress to anyone…Think about it!
has a BANK of any size ever caused stress in your life?
I REALLY WOULD LIKE TO KNOW!