Quote:
Originally Posted by leon
Banks wont go under, they will just increase your fees.
leon
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Barings bank had the same problem, a rogue trader lost 1 billion. Following this ING bought the entire bank for 1 pound, this means they assumed all Bearings Debts.
http://en.wikipedia.org/wiki/Barings_Bank
Westpac lost 2 billion in the eighties lending to Alan Bond and they very nearly went under.
I dont know about you but if my fees increase too much then i will go somewhere else.
Paul