Jump to content
House Price Crash Forum
nome

''We won't let failed bank bosses hold Britain to ransom - EVER again'

Recommended Posts

9 hours ago, Errol said:

I thought bail-ins were already law? So it will be the people (depositors - i.e. creditors) who pay for it.

Yes. They are already law. But it would be very unlikely to be retail depositors who pay, but rather bond holders. In fact, you are most likely to get bailed in as a depositor if you have a balance above the FSCS limit and you bank with a small building society that doesn't really issue unsecured bonds or take wholesale deposits. 

Share this post


Link to post
Share on other sites

I dont think banks will get bailed out.

The problem in 07 was there was no way to resovle failing banks other than let it crash and burn.

Now banks hold a lot more capital. And are going to have to hold more.

A bank will fail. No doubt about ut. Nationwide and Coventry are head to head in the race to fail. Watching the first bank to fail will be fun. Id guess, on watching the bank get gutted and bonuses beung clawed back will see surviving banks rethinking their lending criteria.

Share this post


Link to post
Share on other sites
1 hour ago, Ah-so said:

Yes. They are already law. But it would be very unlikely to be retail depositors who pay, but rather bond holders. In fact, you are most likely to get bailed in as a depositor if you have a balance above the FSCS limit and you bank with a small building society that doesn't really issue unsecured bonds or take wholesale deposits. 

and likely 75K will buy a loaf of bread, then they'll happily cover it

Share this post


Link to post
Share on other sites
1 hour ago, giggler000 said:

and likely 75K will buy a loaf of bread, then they'll happily cover it

Of course it will be fully covered.

The idea that the FSCS will not in reality cover depositors is a theme that keeps on popping up here and it is childish and rather tiresome. 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 295 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.