Santander bank runs?

Killerseven

Is it worth getting funds out of Santander? They now say they need 8 billion to keep the doors open?

I hear 30% of UK deposits are being withdrawn, if that goes up at what point will they close the doors and not let account holders withdraw their funds?

BJV

Ok a bit worrying. I have all my personal and business accounts with them. Just going to give them a call.

Archi_Bald

This is the best non-story of the day.

Fruit_and_Nut_Case

Killerseven wrote: »

Is it worth getting funds out of Santander? They now say they need 8 billion to keep the doors open?

I hear 30% of UK deposits are being withdrawn, if that goes up at what point will they close the doors and not let account holders withdraw their funds?

A link would be useful for the non-psychic amongst us.

Thrugelmir

Killerseven wrote: »

They now say they need 8 billion to keep the doors open?

A wedge would be far easier than using a pile of bank notes.

Rollinghome

Killerseven wrote: »

I hear 30% of UK deposits are being withdrawn,

From whom? If it was the bloke at the bus stop did he have significantly more in the bank than the £85,000 per person guaranteed by the Financial Service Compensation Scheme?

jimjames

Killerseven wrote: »

Is it worth getting funds out of Santander? They now say they need 8 billion to keep the doors open?

I hear 30% of UK deposits are being withdrawn, if that goes up at what point will they close the doors and not let account holders withdraw their funds?

Complete rubbish.

Unless you can provide something to substantiate it.

I think you'd spot a few queues if it was 30%, I'm sure that's less than B&B/Northern Rock lost

bowlhead99

I saw Mary Poppins once. They mentioned a run on the bank. It all seemed to work out fine by the end of the film.

Here is some age old news about Santander fundraising to strengthen its balance sheet (the "8 billion to keep the doors open")
https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11333130/Santander-asks-investors-for-7.5bn-in-rights-issue.html

Here is the more recent news from this week about Santander UK increasing its profits by several hundred million while the overall group increased profits by almost a third to almost 10 billion.
https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11385963/Spains-Santander-posts-70pc-profit-jump.html

The first two posters are simply spreading paranoid rubbish misheard at the rumour mill- although perhaps I am doing the second poster a ddisservice and they were being sarcastic.

I am not too concerned about my [less than £85k] at Santander.

colsten

Killerseven wrote: »

I hear 30% of UK deposits are being withdrawn

Are you hearing voices? There is help available, please see your doctor as soon as possible.

Killerseven

http://www.zerohedge.com/news/2015-01-08/europes-largest-bank-stock-suspended-admits-need-89-billion-capital-raise

Europe's Largest Bank Stock Suspended, Admits Need For $8.9 Billion Capital Raise


Santander, the largest bank in the eurozone by market value, said in a regulatory filing on Thursday that it would raise the capital through an accelerated book build.

Killerseven

“This started a bank run at Banco Santander. As much as 30 percent of the deposits in the U.K. were immediately withdrawn. So this was of course a very big event "

http://kingworldnews.com/former-white-house-official-warns-europe-in-danger-of-mega-bank-runs-that-endanger-the-world/