MSE News: ING reassures savers following rival Dutch bank's collapse

Former_MSE_Guy

This is the discussion thread for the following MSE News Story:

"Dutch bank ING says it is in good health, following the collapse of fellow Netherlands-based DSB Bank. Thousands of UK savers have ...."

Read the full story:

ING reassures savers following rival Dutch bank's collapse

Paul_Herring

Totally unrelated to this : http://forums.moneysavingexpert.com/showthread.html?t=1962967 ?

OneADay

If there is another crash where will all this money come from to pay back savers? Will Mr King and Mr Brown need to print more money :eek: or is it time to sell your earings and lace your drinks?

I think Gordon should be sent to save the world again!

glider3560

OneADay wrote: »

If there is another crash where will all this money come from to pay back savers? Will Mr King and Mr Brown need to print more money :eek: or is it time to sell your earings and lace your drinks?

I think Gordon should be sent to save the world again!

The UK based Financial Services Compensation Scheme is funded by levies on all financial firms (e.g. banks, building societies, insurance companies, IFAs etc). So in the end we pay for it through lower/higher rates or higher fees!

In the event of ING going bust, obviously this isn't covered under the FSCS so it would be the Dutch scheme that would be liable to pay you.

PolishBigSpender

Rival Dutch bank?

I hardly think that a bank 1% of the size of ING is a 'rival'.