You mean apart from using FUD to convince you to do business with them as "they" clearly weren't the bank in "trouble"i don't see what he had to gain from telling me, he was just telling me what the state of the banking system is in...
Or perhaps he reads AAM & follows the Best-Buys threads to get the max return on money held on depositAre you saying that the bank manager thought that his own bank gave such a bad deal that he banked with another bank? If that is the case, he wasn't showing much confidence in his own bank either!
anglo is the name that keeps propping up in any of these conversations I have with anyone working in the banking sector, however they have strenuously denied there is anything afoot. Rumours galore that they will soon approach the central bank for funding.
Interesting that Anglo had to complain to the regulator saying that hedge funds were shorting their stock and then spreading rumours about their funding profile! I thought there might be some truth in it but I looked more deeply into it and unless they are hiding something, I can't see any looming funding crisis like what hit Northern Rock. Think they release trading statement this week so will see what they have to say.
The small matter of asking what bank it was didn't cross your mind?
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