kaupthing edge too risky now???

downs523

just read an article on thisismoney about this bank, dated today. have a read yourself. i have only £700 with them but still looks dodgy...

http://www.thisismoney.co.uk/saving-and-banking/article.html?in_article_id=453169&in_page_id=7

Jonbvn

Lots of allegations and some facts. As an example AFAIK, numerous banks have recently been downgraded by Fitch, yet the report almost implies that it applies to Icelandic banks only.

Perhaps TIM may have a vested interest in de-ramping KE?

sarcastically_optimistic

One thing is for certain
Now that website has published that artical
Savers will reduce there savings causing the bank to sufer even more
A visious circle

isofa

downs523 wrote: »

just read an article on thisismoney about this bank, dated today. have a read yourself. i have only £700 with them but still looks dodgy...

http://www.thisismoney.co.uk/saving-and-banking/article.html?in_article_id=453169&in_page_id=7

This has been chewed over and discussed all week on this 5 page thread here...

I'm still banking with them.

altocumulus

isofa wrote: »

This has been chewed over and discussed all week on this 5 page thread here...

Which makes me wonder why this particular thread was even started....

KTF

People tend to post first then search afterwards.

altocumulus

KTF wrote: »

People tend to post first then search afterwards.

Or they want the answer that they have already thought of themselves, just for assurance....or someone to blame if it goes belly-up....

Andrew64

If none of these stories are true, Kaupthing could sue. So the publishers of these articles must be sure of their facts.

altocumulus

From the KE website

[FONT=&quot]Your Financial Protection:[/FONT]
[FONT=&quot]Funds deposited with Kaupthing Edge UK are deposited with Kaupthing Singer and Friedlander Ltd (KSF). KSF is Kaupthing Bank's UK subsidiary. It is a UK bank authorised and regulated by the Financial Services Authority in the UK. Deposits are covered by the UK FSCS.[/FONT]

ian-d

I'll be taking my money out, but not because of panic, but because I can now combine it with one of my other accounts once the £50k limit comes in on Tuesday :T

Swipe

Another article. Rescue package rumoured:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ayV1Dk7prrZU