With all this uncertainty over the banks and our deposits with them, and I know about the Government's £4bn package yesterday, how safe is the Co-op/Smile bank?
Most other banks have had runs on their shares and in the case of
Landsbanki there were reports in the press last week; but nothing about
the Co-op Bank. And they're not one of the 8 that have seeked support
Similarly with Building Societies (except that Nationwide is one of the
What does the Co-op do with our deposits, if they lend it to other
institutions on the market then they could be just at risk as the
others; but we hear nothing.
- posted 11 years ago