We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Oh dear - Bradford & Bingley nationalisation looks increasingly likely
Comments
-
GustyGardenGalaxy wrote: »And there was me about to open a savings account with B&B. Perhaps that's not such a good idea now?
If it is a national bank, it would be one of the safest places for your money really!0 -
What about A&L, they were kind of the same type of business ?All my life my mother told me the storm was coming (c) Terminator 30
-
BiggaThanBen wrote: »What about A&L, they were kind of the same type of business ?
They were bought by Santander, a Spanish bank that also owns Abbey.0 -
Looks like the Treasury/FSA are copying the US government here. The deal is very similar to what happened with Washington Mutual. Government sells off the deposit base and branches while retaining the mortgages.
Looks like the Belgian/Dutch giant Fortis is next on the chopping block, 10x the size of B&B:
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4837674.ece
http://uk.reuters.com/article/businessNews/idUKTRE48Q21620080927
http://weeklystandard.com/Content/Public/Articles/000/000/015/636zbhel.asp"The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
Looks like the Treasury/FSA are copying the US government here. The deal is very similar to what happened with Washington Mutual. Government sells off the deposit base and branches while retaining the mortgages.
Certainly seems to be what Robert Peston thinks.
It will be interesting to see how depositors react when the branches open on Monday morning :eek:Warning ..... I'm a peri-menopausal axe-wielding maniac
0 -
Why would they react? The fact is that now it's been nationalised your money is safer in B+B than in ANY other bank bar N Rock.Debt_Free_Chick wrote: »It will be interesting to see how depositors react when the branches open on Monday morning :eek:
I'd be expecting inflows of cash to B+B not outflows.0 -
-
go for NR, there is no such limit ... 100% is "covered"GustyGardenGalaxy wrote: »Okay, but if I have money with National Savings too then presumably I would only be covered for up £35000 for BOTH accounts seeing as they are both 'National' banks?All my life my mother told me the storm was coming (c) Terminator 30 -
Really? Must admit that I haven't been following Northern Rock lately - so is that now 100% safe?0
-
GustyGardenGalaxy wrote: »Really? Must admit that I haven't been following Northern Rock lately - so is that now 100% safe?
It was so for a year ... I am sure it is mentioned in MSE's Saving section tooAll my life my mother told me the storm was coming (c) Terminator 30
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards