Are my ICICI saving safe?

ad44downey

Yes Mr Pedantic, but not by ICICI Bank shareholders

wombat42_2

I read a link on the net recently saying that Indian banks are more tightly regulated than UK banks so they are less exposed to sub prime rubbish.

DocProc

How do you know?

Go on, prove it then.

I bet some ICICI shareholders definitely own Lloyds TSB shares. Just because you don't know who they are, doesn't mean to say they don't exist.

Anyhow, I think ICICI are probably alright. Just as 'probably alright' as HBOS are, anyhow.

gozomark

ad44downey wrote: »

Yes Mr Pedantic, but not by ICICI Bank shareholders

given ICICI is a large publicly listed company that many pension funds own, they will be a significant number of institutions owning both

gozomark

ad44downey wrote: »

Yes Mr Pedantic, but not by ICICI Bank shareholders

the difference is only pedantic to those who don't understand the difference between a company and its shareholders..

DocProc

Soon Gordon Brown will own them all. He has enlisted the help of Peter Mandelson to be his secretary to write to all the banks, telling them he wants to buy a sausage.

I read about it in the newspapers. It was there in black and white so it must be right.

Here's the link:

http://www.telegraph.co.uk/news/3141721/Financial-crisis-Gordon-Browns-economic-committee-meets-as-parliament-returns.html

davetrousers

DocProc wrote: »

Soon Gordon Brown will own them all. He has enlisted the help of Peter Mandelson to be his secretary to write to all the banks, telling them he wants to buy a steak.

What does his his lunch/dinner have to do with it?

gozomark

davetrousers wrote: »

What does his his lunch/dinner have to do with it?

GB's looking to take out a personal loan to buy it, perhaps ?

fatpig_2

DocProc wrote: »

How do you know?

Go on, prove it then.

I bet some ICICI shareholders definitely own Lloyds TSB shares. Just because you don't know who they are, doesn't mean to say they don't exist.

Anyhow, I think ICICI are probably alright. Just as 'probably alright' as HBOS are, anyhow.

You suggested Lloyds tsb was a subsidiary of ICICI bank. It isn't. So you were 100% wrong.