Citibank in the news

Lynt_3

Listening to radio 4 early this morning.
They were discussing Citibank being close to insolvency.
:eek: :eek:

Any comforting words from anyone on here?

Andrew64

Well, if its Egg you're worried about, if Citibank was allowed to go bust and if it brought down Egg with it, you would get your money back (up to 50k) from the FSCS. More likely Egg would be sold to another bank such as Santander. In fact, if the US government takes over Citibank, whether fully or partly, it's likely to be forced to sell off overseas assets like Egg anyway.