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UK Clearing bank in trouble?

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Comments

  • agent_orange_2
    agent_orange_2 Posts: 996 Forumite
    I thought government/bank of England had decided that they would keep the wraps on any bank in trouble - to stop the massive panic which would bound to ensue.
  • dunstonh
    dunstonh Posts: 119,679 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Did you leave Nationwide BS out of the list because it is not a "bank" or because you think it is obscure ?

    It isnt a clearing bank. or a retail bank for that matter.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • purch
    purch Posts: 9,865 Forumite
    Did you leave Nationwide BS

    Well there should be eleven, and I only put down ten.......

    they must be #11 I guess :confused:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • purch
    purch Posts: 9,865 Forumite
    First Trust?

    You Da Man !!!!

    ...I'm getting old............memory like a sieve :cool:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • martinman3
    martinman3 Posts: 727 Forumite
    dunstonh wrote: »
    It isnt a clearing bank. or a retail bank for that matter.
    It is the only clearing building society.
  • Meltdown_2
    Meltdown_2 Posts: 471 Forumite
    100 Posts
    purch wrote: »
    Well there should be eleven, and I only put down ten.......

    they must be #11 I guess :confused:

    Well, actually there are 12 members of the group - according to this :
    http://www.chequeandcredit.co.uk/membership/-/page/list_of_members/

    Natwest and Royal Bank of Scotland are still listed as separate entities - in line with their separate FSA registrations. Does anyone know if this is likely to change (a la HBOS) in the future? (I know we have some employees of these banks on the forum.)
    Imprudent granting of credit is bound to prove just as ruinous to a bank as to any other merchant.
    (Ludwig von Mises)

  • purch
    purch Posts: 9,865 Forumite
    :T

    Doncha just just lurve the olde Intergoogle !!!!! :rotfl:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
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