ING Direct uk,to acquire KE Deposits
Comments
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My advice is worthless as I thought Icesave was safe but in view of recent events I would think that savings are more secure with a Dutch bank than with one belonging to Iceland.0
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I would think the KE deposits will stay £50k uk cover.0
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We will have to wait and see, but I would guess business will go on as usual with Kaupthing Edge continuing as they are, like Abbey, A&L, and B&B. ING get something out of this. At the moment, lots of people are wary about ING because of the compensation scheme. Now they can still pull those customers in via KE.0
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I would think the KE deposits will stay £50k uk cover.
Why?
When Santander bought Bradford and Bingley, the deposits got moved to Santander's FSCS license, meaning B&B was covered as if it were part of the same financial institution as Santander. Why would the same not apply here?You're spelling is effecting me so much. Im trying not to be phased by it but your all making me loose my mind on mass!! My head is loosing it's hair. I'm going to take myself off the electoral role like I should of done ages ago and move to the Caribean. I already brought my plane ticket, all be it a refundable 1.0 -
I believe that ING are covered by the dutch compenstion scheme which covers depositers up to 100k Euros. I would have thought however that the FSA would have to honour its 100% guarantee to KE depositers as Kaupthing Bank paid up fully to the British FSA scheme previously.
Can Martin confirm this?
In any event, I am reasonably positive about things because ING must be well placed finacially to buy KE assests in this climate - then again look at Lloyds buying HBOS??
I will be trying to learn more about ING.0 -
Can't login anmymore at KE0
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ING is not an Icelandic bank, they are Belgian or Dutch IIRC...
They are Dutch, but if they went bust, how easy do you feel about claiming the first £16k from the Dutch? Granted, Holland is a bigger country than Iceland, but for me, I wouldn't touch anything other than full FSCS guarantees with a bargepole.0 -
The BBC only mentions that Heritable is being sold to ING:
http://news.bbc.co.uk/1/hi/business/7658417.stm0 -
I can still log in.0
This discussion has been closed.
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