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PeakOil is You

PeakOil is You

How exposed is your bank?

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General interest discussions, not necessarily related to depletion.

How exposed is your bank?

Unread postby setag » Sat 15 Sep 2007, 23:44:43

http://www.thisislondon.co.uk/news/article-23412265-details/Police+called+to+break-up+Northern+Rock+panic+queues+as+customers+withdraw+millions/article.do

There is an interesting table just below the first photo. I sure would like to see the same type of table with US banks listed.

edited for update:

Northern Rock to be sold

"It is understood that attempts by the Bank of England to find a single buyer for Northern Rock have failed. Instead, it is more likely to be sold off piece-by-piece with possible buyers including HSBC, Lloyds TSB, Barclays, Royal Bank of Scotland and Halifax Bank of Scotland.

Merrill Lynch, the investment bank, is expected to oversee the auction, which could begin as early as next week."
Telegraph.co.uk
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Re: How exposed is your bank?

Unread postby Twilight » Sun 16 Sep 2007, 19:50:58

None of mine are in the list. They could go down, but the key is diversity - bank with several institutions of different types, and you should get something if the whole lot collapse. Those who put all their eggs is one basket to qualify for better rates are making themselves very vulnerable. Check the insurance thresholds and act.
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