Alliance & Leicester get the NR treatment
At the close of business today the market makers marked A&L down to 600p that's a drop on the day of 31.27% - A market value of £2.58 Bn.
How long before the queues form outside their branches ?
Monday, September 17, 2007
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2 comments:
So, where do we put it?
Just transferred some cash from N/Rock; going to transfer some out of the Bradford and Bingley. (Leaving 2K in bank 'cos UK gov will be liable for that amount).
But is it going to be out of the frying pan?
As previously remarked the vast fortunes of the Patel estates have been secured in 1 Year Abbey Bonds.
1. Good Rate
2. Instant access (but you lose 90 days Interest)
3. Run by hard headed Spanish not whingeing Geordies who cannot field a decent footba' team
4. Bank Santander have vast global reach - loquidity / solvency is simply not an issue and they were quick (and sensible) to boost mortgage rates.
5. They support Lewis Hamilton which is evidently a sign of great integrity in the banking world.
This is not Financial advice , Lord Patel is not a registered Financial liar.
IF you are young, female and beautiful (and evidently solvent) you are invited round for an ayurvedic massage session - which judging by the smile on the face of Toni Fabuloso is shortly to comme
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