Tuesday, May 15, 2012
Start of bank run?
Santander UK insists British savers' money is safe after Kent county council pulls overnight deposit account
Santander UK has laid out the safety measures it has in place to prevent potential difficulties at its Spanish parent spreading to its British customers. The bank moved to reassure UK customers after Kent County Council said it would no longer use the bank for overnight deposits after the Spanish government was forced to take measures to ensure the country's banks are safe from collapse.