Thread Starter: HappyGilmore
Title: Re: Large Deposit
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plain and simple, there is no way to insure over a billion dollars in any one bank...and he probably doesn't want to open accounts at 2,000 banks to split it out to ensure coverage. and yes, many smaller community banks wouldn't want a huge deposit because of ratios.
he should visit Switzerland and have conversations with some of their banks (or some that have branches in the US), not as a method of avoiding taxes and such in the US, but if you are going to be one of the super rich, you need to talk with banks that have more customers along this line than a run of the mill community bank and know how to bank them.
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