Savers still withdrawing despite banks bouncing back
Northern Rock customers continue to queue through the night in an attempt to withdraw their savings in spite of Northern Rock shares rising 30¼p to 313p, up 11%.The Bank of England has pumped £4.4 billion into the financial markets to help offset the disturbance to conditions in the short-term money markets.Furthermore, shares in Shares in [...]
Re: Savers still withdrawing despite banks bouncing back
I'm not surprised - Northern Rock can get sold off in the future, but savers could potentially lose out. Who on earth would accept a government guarantee of savings protections? How many forms would someone have to go through just to state their claim if NR crashed? Easier and simpler to move it elsewhere.
Savers still withdrawing despite banks bouncing back
