+11
danielgiibs
betty swollocks
3rdforum
Campbell Brodie
Perfectspecimen
innit
MICH
cunningham
Topdog
Gypsy
Jimandsi
15 posters
The Estate Agents Thread
Campbell Brodie-
Posts : 59106
Join date : 2011-08-13
Age : 69
Location : Scotland
Jimandsi-
Posts : 1361
Join date : 2011-08-14
How right you are Sir. 
If you've got money in any of the Spanish banks, I should get it out quick.
It'll be safer under your mattress.
If you've got money in any of the Spanish banks, I should get it out quick.
It'll be safer under your mattress.
Topdog-
- Posts : 21262
Join date : 2011-08-13
Age : 65
Location : England
Ok if under 50k and in a uk investment though, I believe. Hope so got a 2 year 35k bond in one.Jimandsi wrote:How right you are Sir.
If you've got money in any of the Spanish banks, I should get it out quick.
It'll be safer under your mattress.
Jimandsi-
- Posts : 1361
Join date : 2011-08-14
Some European banks may NOT be UK protected...
It is possible for a bank to be operating in the UK with the FSA's full approval, yet the protection you get is not provided by the UK government. It's not banks owned by far flung countries like India or Kenya you need watch, but European owned banks.
That's because banks from the European Economic Area are allowed to opt for a slightly different protection, called the Passport scheme, which means if they went bust, you'd have to claim money back from the bank's home country's compensation scheme.
Banks from outside Europe can't do this, and therefore if they operate here have full UK compensation.
[You must be registered and logged in to see this link.]
It is possible for a bank to be operating in the UK with the FSA's full approval, yet the protection you get is not provided by the UK government. It's not banks owned by far flung countries like India or Kenya you need watch, but European owned banks.
That's because banks from the European Economic Area are allowed to opt for a slightly different protection, called the Passport scheme, which means if they went bust, you'd have to claim money back from the bank's home country's compensation scheme.
Banks from outside Europe can't do this, and therefore if they operate here have full UK compensation.
[You must be registered and logged in to see this link.]
Topdog-
- Posts : 21262
Join date : 2011-08-13
Age : 65
Location : England
Santander is Ok
Jimandsi-
- Posts : 1361
Join date : 2011-08-14
Santander UK insists British savers' money is safe after Kent county council pulls overnight deposit account
Read more: [You must be registered and logged in to see this link.]
Read more: [You must be registered and logged in to see this link.]
Jimandsi-
- Posts : 1361
Join date : 2011-08-14
Here we go .....
"Shares in Spanish bank Bankia have continued their dramatic decline on concerns over the firm's finances."
[You must be registered and logged in to see this link.]
3rdforum-
Posts : 22953
Join date : 2011-08-30
Age : 54
Location : Ireland
I'll say it again, they should guarantee all deposits ONLY. If banks have to be wound up, so be it. The sooner we get to the bottom of the banking crisis, the better. It will end a lot of the unhelpful and scaremongering speculation that is currently endemic to the financial media and other circles
Jimandsi-
- Posts : 1361
Join date : 2011-08-14
Jimandsi wrote:How right you are Sir.
If you've got money in any of the Spanish banks, I should get it out quick.
It'll be safer under your mattress.
I repeat .....
If you've got money in any of the Spanish banks, I should get it out quick.
The poo will be hitting the fan bigtime over the weekend.
Topdog-
- Posts : 21262
Join date : 2011-08-13
Age : 65
Location : England
Our bit is covered Jim, but do agree, if you have loot in banks without the guarantee or more than 85k total in a safe one, get cracking.
Jimandsi-
- Posts : 1361
Join date : 2011-08-14
"In the UK, Santander said it had seen a “small increase” in withdrawals yesterday by some of its 25m customers with savings above £85,000. UK deposits are guaranteed up to that level."
[You must be registered and logged in to see this link.]