Are British banks about to become less safe?

[joeryan]

Interesting reading if you have put money in the UK...

"Daily Mail Associate City Editor Ruth Sunderland asks whether a recent warning on UK banks' creditworthiness should be cause for concern among customers."

"Credit ratings agency Moody's yesterday indicated it may downgrade 14 UK lenders, including state-controlled Lloyds Banking Group and Royal Bank of Scotland, Santander's UK operations, the Bank of Ireland and the Nationwide building society."

Read more:
http://www.thisismoney.co.uk/markets/article.html?in_article_id=534725&in_page_id=3#ixzz1O8KAKOqd

 

[kdoc]

It would be interesting to see what the proponents of these banks think. They are still probably a lot safer than Irish institutions.