Lately there appeared a lot of bad news about the banking industry, this may have made you wondering about the safety of your hard earned cash at your own bank.
The drop in the bank profits is caused by expected loan losses, the deteriorating housing market and the credit squeeze. According to banking experts only FDIC insurance will save your money if your bank goes under, the FDIC insures deposits in banks and thrift institutions.
But fortunately for all of us, banks are entering this credit cycle with better capital and better earnings, and thanks to this experts say there is no reason to panic.
Emilie Mouton
1 opmerking:
Lately there appeared a lot of bad news about the banking industry [better: Lately, a lot of bad news appeared about the], this may have made you wondering [this may have made you wonder / this may have you wondering] about the safety of your hard earned cash at your own bank.
The drop in the [drop 'the'] bank profits is caused by expected loan losses, the deteriorating housing market and the credit squeeze. According to banking experts [add a comma here] only FDIC insurance will save your money if your bank goes under, the FDIC insures deposits in banks and thrift institutions.
But fortunately for all of us, banks are entering this credit cycle with better capital and better earnings, and thanks to this [add a comma here] experts say [add a comma here] there is no reason to panic.
Good flow, but mind the use of commas for interjections, articles and tenses.
olaf
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