Alert :- THE BRITISH BANKING SECTOR JUST Collasped!

[Mega]

RBS Getting hammered!

The rest wasted as well............Watch this space!
Mike

[Mega]

Re: Alert :- THE BRITISH BANKING SECTOR JUST Collasped!

http://news.bbc.co.uk/2/hi/uk_news/politics/7657422.stm
Mike

[don]

Re: Alert :- THE BRITISH BANKING SECTOR JUST Collasped!

"...customers of the Icesave internet bank have been warned they will probably have to claim compensation for money held in their savings accounts. UK authorities are preparing for the bank's parent in Iceland, Landsbanki, to be declared insolvent."


The role Iceland's banks and currency were playing in the Great Game means its collapse will not be anything less than another break in the chain.

[reallife]

Re: Alert :- THE BRITISH BANKING SECTOR JUST Collasped!

RBS Getting hammered!

The rest wasted as well............Watch this space!
Mike

Me thinks you're exagerating, mate. Forty percent drop in RBS?? We see that ALL the time on OUR banks over here in NY. ;);)

Ya' gotta' laugh.

BULL MARKET-- A random market movement causing an investor to mistake himself for a financial genius.
BEAR MARKET-- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.

[D-Mack]

Re: Alert :- THE BRITISH BANKING SECTOR JUST Collasped!

Me thinks you're exagerating, mate. Forty percent drop in RBS?? We see that ALL the time on OUR banks over here in NY. ;);)

Ya' gotta' laugh.

BULL MARKET-- A random market movement causing an investor to mistake himself for a financial genius.
BEAR MARKET-- A 6 to 18 month period when the kids get no allowance, the wife gets no jewelry, and the husband gets no sex.

They probably got a Paulson allergy

UK banks hold £95bn of sour assets that could qualify for US bailout plan
Miles Costello

Britain’s five leading high street banks have as much as £95.3 billion ($175 billion) of distressed assets on their books that may qualify for the American bailout scheme.

If the British banks tap the rescue fund being set up by the US Treasury and the Federal Reserve to the maximum, they could secure one quarter of the $700 billion being made available. Under the terms of an outline agreement that appeared to have been reached by US policymakers last night, Britain’s lenders will be able to use the facility.

...

http://business.timesonline.co.uk/to...cle4828413.ece

[Mega]

Re: Alert :- THE BRITISH BANKING SECTOR JUST Collasped!

Latest:-
http://news.bbc.co.uk/2/hi/uk_news/default.stm
Mike

[don]

Re: Alert :- THE BRITISH BANKING SECTOR JUST Collasped!

Can we get to the bottom of this. Is Bjork on tour :confused:

[Mega]

Re: Alert :- THE BRITISH BANKING SECTOR JUST Collasped!

Here it is!
http://www.dailymail.co.uk/news/arti...-freefall.html
Mike

[labasta]

Re: Alert :- THE BRITISH BANKING SECTOR JUST Collasped!

Mega,

I like our articles, but I always know it's one of yours when I read the headline "We're all going to die tomorrow!" Then I read the article and it says that someone injured their arm due to an infectious diease. It could lead to the end of the world, but it isn't if you know what I mean.

If the banking sector really collapses, then that means noone can access their electronic money. Can people still do that? Are wages being paid? Yes, then ok, we aren't there... yet (perhaps).

[phirang]

Re: Alert :- THE BRITISH BANKING SECTOR JUST Collasped!

Just put your money in a US bank: we're getting the BRIC's and OPEC to bail us out.