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Contingency planning

(3 Posts)
WestMidsAccounts Mon 15-Sep-08 08:44:05

What are your thoughts on the British banking system.
I have a corporate client with a sizeable bank balance. Should I be recommending that they open a deposit account with a different bank? At the moment, if their current bank has a wobble then they are 100% stuffed. But if we deal with 2 banks then that doubles the exposure to risk (although it would not then be a total disaster).

TracyK Mon 15-Sep-08 14:01:37

Do you think things are that bad??

WestMidsAccounts Mon 15-Sep-08 22:43:46

Who knows? They are talking in terms of comparing it to 1929. One of the British banks lost 30% of its share value at one stage today!

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