Regulators stop them receiving deposits. Oops.
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Doom IV - London Scottish Bank epic fail.
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Interesting reactions from the English racists on Timesonline:
Nice to see the Chancellor helping out another Scottish bank!
- Alastair, London,
The words Scottish and Failing Banks see to have a symetry not seen since the Union that bailed out a bankrupt Scotland.
- jim, Axbridge,
any more banks with the name Scottish in it that haven't gone bust yet?
- Simon, London, UK
Knee-jerks. Jerks.Comment
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it would appear that they let there holding monies drop below their deposits... which is a no-no.
£270million on the books in deposits (punters funds) and they have been g'teed by government... however, there seems to be a few buyers hovering around looking to buy pieces of the business!Comment
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