What to do with 180k

gizmoleeds

YorkshireBoy wrote:

Are you as trusting of Grupo Santander.

The tenth largest bank in the world? I am

YorkshireBoy

gizmoleeds wrote:

The tenth largest bank in the world? I am

But seriously for a moment, I'm hoping ING don't have any problems because I'm breaking all the rules myself with the FSCS guidelines.

Found a website that details some of the disasters that have, and have almost, resulted in ruin for many of the banks/building societies over the years.

The obvious ones are mentioned, such as BCCI & Barings, but some "strange" banking decisions by the UK big boys are highlighted as well.

http://www.financialdirector.co.uk/financial-director/features/2049974/break-bank

charlieboycat

YorkshireBoy wrote:

Found a website that details some of the disasters that have, and have almost, resulted in ruin for many of the banks/building societies over the years.

The obvious ones are mentioned, such as BCCI & Barings, but some "strange" banking decisions by the UK big boys are highlighted as well.

An interesting read. But - with the exception of BCCI - did ordinary savings account depositors get burnt in any of those cases, or just shareholders?

Of course spotting the potential BCCI may not be easy - but as a depositor I'm still prepared to trust Abbey under Santander ownership. Admittedly I know nothing about Santander, but even if it does goes bust that doesn't mean Abbey goes bust as well.