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Chelsea BS - Icelandic debtors may get repaid
samsuka
Posts: 38 Forumite
Just read that anyone exposed to the collapse of the Icelandic banks may recoup up to 90% of their money.
http://news.bbc.co.uk/2/hi/uk_news/politics/8007464.stm
Chelsea BS lost something like £30 - £50 million with them, hence part of the reason why they have been so tardy in cutting rates unlike their counterparts as they seek to rebuild profitabilty
I wonder if they did recoup much of their lost funds if it might incentivise them to cut their SVR to a more competitive level?
Ta
S
http://news.bbc.co.uk/2/hi/uk_news/politics/8007464.stm
Chelsea BS lost something like £30 - £50 million with them, hence part of the reason why they have been so tardy in cutting rates unlike their counterparts as they seek to rebuild profitabilty
I wonder if they did recoup much of their lost funds if it might incentivise them to cut their SVR to a more competitive level?
Ta
S
0
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