Channel 4 news running a feature on risks of foreign banks

RayWolfe

If you are a regular watcher of Channel Four News, you would understand that it would be very unlikely to be following a Government agenda. You may agree, or disagree with its coverage of this issue, but it would not have followed someones bidding.
Personally, I thought it was interesting, thought provoking and more particularly, impressive that they should devote so much time on a fairly esoteric subject.

tawse57

Maybe after all the criticism of Jon Snow's comments re Prince Harry they felt compelled to stick something on quick that would please the establishment?

Stompa

http://www.channel4.com/news/articles/business_money/how+safe+are+your+savings/1697147

getthemax

I have no faith whatsoever in the FSA. I know someone reliable who worked there on contract and the stories of incompetence and mismanagement were mind-boggling.

I missed this program unfortunately but I have just read the C4 article and wonder what the statement Iceland's central bank governor says it can afford to guaranteel all deposits. actually means.

Does he mean they that they will cover ALL deposits regardless of amount similar to our wonderful government's bailing-out of Northern Crock?

KTF

I assume that all the interest was on the Icelandic banks and they missed the fact that Abbey is owned by a Spanish bank...

Personally I couldnt care less who owns them. If they are part of the FSA scheme then the money is protected.

nilrem_2

Sounds like the reported £6Bn that we have invested in Icelandic banks is starting to worry the UK institutions, it's a case of 'sour grapes' if you ask me, if UK banks played fairer with us then we would not be 'encouraged' to place our savings in Iceland to get a decent rate!

Many of us are fed up with the 'tardy' way that banks increase their rates to savers when the BOE increases rates yet act with the speed of light when BOE rates go down, we are also fed up with some of the 'dirty tricks' such as reducing the rate a few weeks before the BOE goes down then telling us how kind they are by not reducing rates when BOE rate does go down or even reducing again in line with BOE rates!

Patr100

Bit of a typo here.....because the "3" is the same key as the "£"..

With a UK bank, the first 335,000 of deposits is covered. That's also true of a foreign bank operating in the UK as a subsidiary - as is the case at the moment with, Kaupthing Edge.

http://www.channel4.com/news/articles/business_money/how+safe+are+your+savings/1697147

CannyJock

If the other banks are seriously concerned about the competition then all they have to do is come up with a better offer.

Has anyone compiled a league table of the amount in millions of profit the other banks have made in the UK this year from their latest published financial returns?

Take B&B, they've just cut their eSaver (2) from 6.40% to 6.15% with zero notice to it's investors, ICICI announced a week or so ago about their 6.41% rate dropping to 6.16%. Kaupthing are still holding at 6.5%. So who would you put your money with for the best return? If B&B were serious, they'd have just left their rates as they are and made a noise about it - it would have attracted some of the ICICI money for sure.

[Deleted User]

meatandtwoveg wrote: »

What a load of old tosh, i do not have an account with the ICE Save people, but this is pure and utter scaremongering by the FSA.

They have caused the first run on a bank here in the UK, because Brown the clown introduced a three pronged system which does not work, and is run by clowns worse the the chief clown Brown.

The FSA want you to put all you cash in the British banks because they are in the !!!!!!, simple as that. The British banks are broke, and the Stalanist Goverment want you to put you cash in there f@cked up banking system.

This is media in the hands of the government, scare tatics, propaganda straight out of McFalls stupid dimwit of a mouth. I mean the guy is a joke.

I just cannot believe i just seen what i seen, if i were ICE Save i would look at the legal position of this programme, because it could be seen as illegal, if trying to pursuade the saver away from ICE Save using this type of propaganda?

I totally agree with you; what a ridiculous and irresponsible piece of television :rolleyes: - It smacks of desperation to me. At the end of the day you're covered up to £35K with ICESAVE just the same as any UK bank!

The government and UK banks are scared sh**less. It is not before time that UK banks had a kick up the a**e, and some genuine competition.

Landsbanki are rock solid, and have absolutely NO exposure to all this sub-prime nonsense - Nice try channel 4, but you don't fool me!:p

CHECK THIS OUT FOR THE TRUTH ....

http://www.icesave.co.uk/financial-strength.html

:T

meatandtwoveg

Deleted_User wrote: »

I totally agree with you; what a ridiculous and irresponsible piece of television :rolleyes: - It smacks of desperation to me. At the end of the day you're covered up to £35K with ICESAVE just the same as any UK bank!

The government and UK banks are scared sh**less. It is not before time that UK banks had a kick up the a**e, and some genuine competition.

Landsbanki are rock solid, and have absolutely NO exposure to all this sub-prime nonsense - Nice try channel 4, but you don't fool me!:p

CHECK THIS OUT FOR THE TRUTH ....

http://www.icesave.co.uk/financial-strength.html

:T

Cheers, i was a gett'in a bit worried, thought it was only me who seen the truth in Gorgrons lies?