0 minute readDepositors in the United Kingdom (UK) could lose money if their bank fails, under proposals by one of Britain’s most prominent banking chiefs. Peter Sands, chief executive of Standard Chartered, said that people with savings above any sum guaranteed by law — £50,000 [US$71,731] in the UK — should be hit with other providers of capital if a bank fails. Sands aired the idea yesterday when Northern Rock, which was nationalized in 2008, lifted a guarantee on deposits put in place in September 2007 by Alistair Darling to stop a run on the bank.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
Most Popular Articles
Latest Articles
Intent beats volume: What real estate teams are learning from AI-powered follow-up
Insights from one million calls show intent based targeting, better context, and local numbers can improve appointment conversion.
-
A search for a home in France shaped Real Brokerage CEO Tamir Poleg’s view on listing fragmentation
-
Don’t take the bait: The coordinated comms strategy for Zillow and Compass
-
Summit Sotheby’s International Realty shines in 2026 RealTrends rankings
-
New home applications fall 3% as mortgage rates top 6.5%
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
