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Old 10-14-2016, 06:04 AM  
Vendot
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Join Date: May 2002
Location: Malaysia
Posts: 3,376
Quote:
Originally Posted by GspotProductions View Post
I'm with Sabadell & Natwest
You must be joking. Natwest is just a small part of RBS (owner of Natwest), which was responsible for the worst banking crisis, the UK (England) has ever seen in 2008. The bank was bigger than the entire UK economy and sunk the country into massive debt almost insolvency, from which it has not since recovered.

https://en.wikipedia.org/wiki/NatWest

Since the bank was bailed out and is now over 70% public owned, technically you could say it will be okay but on principle I would never use a bank that has failed and been rescued. I also have serious doubts about the safety of the depositor insurance plan in the UK. The parent company is shedding jobs and also doesn't have a great reputation for customer service:

https://www.theguardian.com/money/20...rst-direct-top

RBS planning to cut 900 jobs to reduce costs: sources | Reuters

I have no clue about Sabadell but watch out, a lot of Spanish banks are highly indebted.
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