4 ms·
Mia culpa.... I was thinking locally as a US citizen. I can't really speak for what's happened in other places but appreciate the context. Thanks.
by SkipperCat 5y ago
Mia culpa.... I was thinking locally as a US citizen. I can't really speak for what's happened in other places but appreciate the context. Thanks.
- ajb 5y agoIt's still not the same as an old school bank run. The UK government guarantees the first £85000* of each depositors money (those with more are well advised to split it across multiple banks) * It was somewhat less in 2007
- iso1210 5y agoAs Channel 4 said at the time > Deposit guarantees should prevent this. But even after an extraordinary unlimited lending facility granted by the Bank of England and agreed by the Chancellor, customers preferred the sight of real cash.