Time to get your money out?

[venator]

Spanish banks are now where Greek banks were a few weeks ago.

http://www.telegraph....tatement-in-full.html

Santander's UK operation could easily suffer, if the parent company takes cash from it.

[Old_Geezer]

It'd be nice to have some money to take out.

Unless you think they're going bankrupt, the time to get out would be when another is offering better deals. Santander still has to operate in the local market and seem attractive. But I accept if one has to cut back it'll like be the foreign investments that take the brunt. More a concern for their employees maybe.

[FredPuli43]

"They maintain the highest stand alone credit ratings among Spanish banks mainly because of their relatively stable earnings generation by their strong geographically diverse franchises" say Moody's. Well, that's a good thing. The rest is down to the status of Spain, and the EU, itself.

[DTCwordfan]

remember the FSA protects your 1st 50000 in there......

[factor-fiction]

Your money is protected unless you have incredibly huge sums all in one bank

[Dodger666]

The FSA protects up to £85,000 of your investment.

http://www.fsa.gov.uk...information/uk_groups

[pdq1]

Signs of Northern Rock at Santander banks where they queued round the block to get their money out.

[jno]

people can make withdrawals on the basis of panic rather than reality. Queues don't prove the bank is in trouble.

[venator]

Perhaps I should come back to this in 3 months or so ...

[ludwig]

I hope my overdraft is safe with Santander.

[emmie]

jno, it did with Northern Rock. And it would appear the Greeks are taking their money out of the banks and sticking it under the mattress..

[ubasses]

Go further into the Telegraph and it tells you that the Bank in the UK is Firewalled and what's in the UK stays in the UK.

http://www.telegraph....ank-account-safe.html

[pdq1]

The difference between Greek banks and Nothern Rock is that Gordon Brown bailed it out with government money. Greece has no money so who will bail out Santander?

[bibblebub]

spain?

[pdq1]

I should have said Spain is going the same way as Greece. Junk status

[Mick-Talbot]

jno, it did with Northern Rock. And it would appear the Greeks are taking their money out of the banks and sticking it under the mattress..



Are you listening to too. Much scaremongering , em?

[emmie]

Mick
strange some have their head in the sand.

Is Greece's banking system headed towards collapse?

Earlier this week, Greek President Karolos Papoulias said that about 800m euros ($1.01bn) were recently withdrawn from Greek banks. "The strength of banks is very weak right now," said Papoulias, according to the Wall Street Journal.

[zebo]

Not necessary unless you have a very large amount in Santander, I suspect a lot of people are like us, their accounts became Santander when other institutions collapsed and were bought out. They're certainly utterly inefficient.
Slightly off the subject, how well publicised is the fact thet RBS have repaid almost all the Government money it was given? We do love bad news and ignore better news.

[craft1948]

My understanding is that Santander UK is a completely separate company to the spanish one, and they couldn't transfer assets between the two.