The Anonymous Widower

Spanish Banks Get a Downgrade

It is being reported that Moody’s have downgraded the ratings they give to Spanish banks.

My late great friend, David, who rose to the top of a major clearing bank, had some rules about the bank you used.

One was never put your money in a bank, with its headquarters outside of the UK. He said, you haven’t got the same protection.

May 18, 2012 - Posted by AnonW | Finance | Banks, Spain