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MSE News: ING reassures savers following rival Dutch bank's collapse

Former_MSE_Guy
Former_MSE_Guy Posts: 1,650 Forumite
I've been Money Tipped! Newshound! Chutzpah Haggler
edited 12 October 2009 at 3:12PM in Savings & investments
This is the discussion thread for the following MSE News Story:

"Dutch bank ING says it is in good health, following the collapse of fellow Netherlands-based DSB Bank. Thousands of UK savers have ...."
Read the full story:
ING reassures savers following rival Dutch bank's collapse

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Comments

  • Paul_Herring
    Paul_Herring Posts: 7,484 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Totally unrelated to this : http://forums.moneysavingexpert.com/showthread.html?t=1962967 ?
    Conjugating the verb 'to be":
    -o I am humble -o You are attention seeking -o She is Nadine Dorries
  • OneADay
    OneADay Posts: 9,031 Forumite
    1,000 Posts Combo Breaker
    edited 12 October 2009 at 3:25PM
    If there is another crash where will all this money come from to pay back savers? Will Mr King and Mr Brown need to print more money :eek: or is it time to sell your earings and lace your drinks?

    I think Gordon should be sent to save the world again!
  • glider3560
    glider3560 Posts: 4,115 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    OneADay wrote: »
    If there is another crash where will all this money come from to pay back savers? Will Mr King and Mr Brown need to print more money :eek: or is it time to sell your earings and lace your drinks?

    I think Gordon should be sent to save the world again!
    The UK based Financial Services Compensation Scheme is funded by levies on all financial firms (e.g. banks, building societies, insurance companies, IFAs etc). So in the end we pay for it through lower/higher rates or higher fees!

    In the event of ING going bust, obviously this isn't covered under the FSCS so it would be the Dutch scheme that would be liable to pay you.
  • PolishBigSpender
    PolishBigSpender Posts: 3,771 Forumite
    Rival Dutch bank?

    I hardly think that a bank 1% of the size of ING is a 'rival'.
    From Poland...with love.
    They are (they're)     sitting on the floor.
    Their     books are lying on the floor.
    The books are sitting just there on the floor.
This discussion has been closed.
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