My son has some money invested in Icesave...no more than 35000 of course (FSA rules and all that) but I am wondering (on his behalf) just how safe ICESAVE is in relation to the recent turmoil on the SM.
How exposed is this bank?
any answers most appreciated
Full Version: Banks Crashing, Where To Turn?
QUOTE(BTLlivingthedream @ Aug 17 2007, 07:40 AM) 
My son has some money invested in Icesave...no more than 35000 of course (FSA rules and all that) but I am wondering (on his behalf) just how safe ICESAVE is in relation to the recent turmoil on the SM.
How exposed is this bank?
any answers most appreciated
How exposed is this bank?
any answers most appreciated
Chill out mate. The last bank to go bust was BCC! in about 1992. These days, I dont think the industry would allow a bank to go bust anyway - it would just get taken over.
QUOTE(penbat1 @ Aug 17 2007, 09:13 AM)
Chill out mate. The last bank to go bust was BCC! in about 1992. These days, I dont think the industry would allow a bank to go bust anyway - it would just get taken over.
Yes, banks are very safe. As safe as houses.
QUOTE(penbat1 @ Aug 17 2007, 09:13 AM)
Chill out mate. The last bank to go bust was BCC! in about 1992. These days, I dont think the industry would allow a bank to go bust anyway - it would just get taken over.
After all there's plenty of surplus liquidity sloshing around in the M&As market right now...
QUOTE(Tucksy @ Aug 18 2007, 12:44 AM)
After all there's plenty of surplus liquidity sloshing around in the M&As market right now...
Blimey, can't Barclays even get £1 these days?
QUOTE(mybrainhurts @ Aug 17 2007, 01:58 PM)
Yes, banks are very safe. As safe as houses.
Banks are much safer than houses, if you default they take your house.
Banks are like bridges, they seldom crash bet when they do they make a big splash!
QUOTE(The Masked Tulip @ Aug 30 2007, 10:37 PM)
Banks are like bridges, they seldom crash bet when they do they make a big splash!
I think they're more like rabbits' feet: they're more use to rabbits than to people, but some folks keep one on their keyrings 'for luck'...
Sorry, what were we talking about again?
There is blood everywhere.
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