Alliance & Leicester shares have plunged by 33% and many fear that it could follow Northern Rock into crisis. The UK’s seventh largest bank, noted heavy losses yesterday and its share price declined significantly in afternoon trading to close down 286p at 587p. A spokesperson for Alliance & Leicester remarked that their share price [...]

More: Is A&L following in Northern Rock’s footsteps?

So long as the savers keep their money with A&L, I think they will be relatively safe. It's the panic over Northern Rock that's threatening to sink that company, not the solvency issue.

2c.