BANKING

BANKING

The real possibility of Governments in Europe defaulting will have a serious impact on UK banks.  RBS, BOS and Lloyds TSB are still weakened after the 2008 subprime debacle.  There is a real possibility that these UK banks won’t be able to meet the losses that would crystallize if the Euro fails.

Last year I left RBS and moved to the Clydesdale Bank.  The Clydesdale is 100% owned by NAB (National Australia Bank).  It is the most liquid of the High Street banks.  I believe it is a safer home for company funds than the exposed UK banks.  Moving bank is a lot easier than it used to be.

Nicholas Bradford