Quick show of hands, please.
Jun. 23rd, 2012 10:51 amEveryone who thinks this chain of events is total coincidence please raise your hands
1) RBS/Natwest having their credit ratings dropping resulting in their interbank borrowing costs rising under Basel II rules.
2) bank customers get paid into their accounts on the fourth Friday.
3) Bank systems suffer a glitch meaning customers can't get their money out over the weekend.
This has Northern Rock 2 written all over it, I reckon.
1) RBS/Natwest having their credit ratings dropping resulting in their interbank borrowing costs rising under Basel II rules.
2) bank customers get paid into their accounts on the fourth Friday.
3) Bank systems suffer a glitch meaning customers can't get their money out over the weekend.
This has Northern Rock 2 written all over it, I reckon.