Bradford & Bingley

Vectra

Is B/Bingley ok now?
Is it a good risk now after the recent troubles ,who owns them or who is part of etc ?

flossy_splodge

Define 'safe'!!
Is nationalisation 'safe'?
If you're wondering about shares, sorry but like many others they've gone in a puff of smoke, otherwise known as government. Funny how some banks were rescued so at least there is still a little value in any shares held but others were just smothered.
Could it having any bearing on who in giovernment had shares in which? Or am I being totally cynical?

Vectra

not shares savings their new eSavings acct for instance

Scrundog

They are about as safe as you will find in this crazy world of Banking being part of one of the largest banks in the world Santander if that counts for anything now

zoefroog

Hi

Someone mentioned nationalisation here - I thought it was owned by Santander? I have just got my money out of ING/Kaupthing and want somewhere safer to put it - is it a good bet do we think?

agsnu

zoefroog wrote: »

Someone mentioned nationalisation here - I thought it was owned by Santander?

Both. It was nationalised and the savings business (and branch network) transferred to Abbey, which is owned by Santander. Other bits of the business (loans, mortgages etc) are now owned by the Government.

zoefroog

Thanks - so if I use the savings side, it is ultimately a Spanish company but is covered by the UK regulations?

alchemistkevin

zoefroog wrote: »

Thanks - so if I use the savings side, it is ultimately a Spanish company but is covered by the UK regulations?

Check with this or directly with FSCS