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Banks Crashing, Where To Turn?

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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

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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

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.

Edited by penbat1

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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.

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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... ;)

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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? ;)

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Guest Charlie The Tramp
Yes, banks are very safe. As safe as houses.

Banks are much safer than houses, if you default they take your house. ;)

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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?

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