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At least your house is still worth what it was at the peak of the boom, you'll be ok
Yup... pretty good around my area because few flats and not city centre. I did a walk of my local area yesterday and only saw one property up for sale. Looking good !!
They had to raise money because they moved cash from elsewhere to avoid going with cap in hand to get bail out from Govt, like almost all big UK banks did.
So they declined bailout which implies they can handle on their own. If you are worried about bailout declines talk to Barclays.
They received 18 Billion pounds from HMG when they took over B&B accounts just two months ago. That is a hell of a lot, and yet they still require a 7 Billion plus rights issue.
It's a strange coincidence that I got a letter from Cater Allen on Friday stating that my company money is safe. It appears that Santander are very worried about experiencing a run on funds.
They received 18 Billion pounds from HMG when they took over B&B accounts just two months ago. That is a hell of a lot, and yet they still require a 7 Billion plus rights issue.
Those were deposits you retard, money owned by other people - they need to maintain capital ratios of their own money.
Those were deposits you retard, money owned by other people - they need to maintain capital ratios of their own money.
They are deposits which are vital to their liquidity and thus their capital ratio. Why do you think that the run on Northern Rock which lost it 14 Billion pounds was so devastating ?
I am astounded by your ignorance here Atw. The whole idea of capital ratios is that if you have investors calling in their funds that you have enough to repay. That 18 Billion was huge influx of liquidity for Santander.
They took on a load of new debt, that alone eroded their previously very good capital ratio, they also had to put £1 bln from that into UK branch so now they have lower capital ratio but not because they were losing money like other banks (HBOS) but because they acquired a lot of deposits all of a sudden.
Liquidity and capital ratios are different things, they don't have problems with liquidity and capital ratios issue only comes from large acquisition of liquid debts.
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