The Anonymous Widower

When Will We Ever Learn?

One of our mistakes in 2008 was to rescue banks, rather than let them go bust! Retail customers up to the savings limit should be compensated, but for everything else, that’s business!

This article on the BBC is entitled Santander Rescues Rival Banco Popular From Collapse.

One of the things, I was told by my friend, who rose to be Business Banking Director of a major Clearing Bank, was to never bank with a bank, that was headquartered and/or owned outside the UK. I would change that to England after Royal Bank of UK Taxpayers and Bank of Scotland.

So who will eventually pay for Santander’s purchase?

Incidentally, with Qatar’s problems at the moment and their stake in Barclays, I personally will be staying clear of that bank.

June 8, 2017 - Posted by | Finance, World | , , ,

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