sweetgirl Posted May 12, 2019 Share Posted May 12, 2019 My sister told me earlier everyone is queuing up outside metrobank to empty their safety deposit boxes & accounts!Is this necessary?What have I missed?Sorry I'm not as clued up as many of you on here...... š Link to comment Share on other sites More sharing options...
siousxiesue Posted May 12, 2019 Share Posted May 12, 2019 https://www.theguardian.com/business/2019/may/12/metro-bank-quashes-false-rumours-of-financial-instability- Link to comment Share on other sites More sharing options...
Bic Basher Posted May 13, 2019 Share Posted May 13, 2019 Most people are panicking over nothing. Accounts with under ?75k are automatically protected if a bank goes down which Metro Bank is far from. Link to comment Share on other sites More sharing options...
JohnL Posted May 13, 2019 Share Posted May 13, 2019 They're looking for a cash injection of ?350MAs it's safety deposit boxes people are emptying could be valuables in excess of 85k Link to comment Share on other sites More sharing options...
Underhook Posted May 13, 2019 Share Posted May 13, 2019 They were probably queuing up because banks are closed on a Sunday Link to comment Share on other sites More sharing options...
Sephiroth Posted May 13, 2019 Share Posted May 13, 2019 Let's remind ourselves what the forum thought when this started happening to Northern Rock in 2007 - before we realised what was to come:https://www.eastdulwichforum.co.uk/forum/read.php?20,46411,46574#msg-46574 Link to comment Share on other sites More sharing options...
sweetgirl Posted May 13, 2019 Author Share Posted May 13, 2019 Mmmm...... I'd say reason to be concerned, judging by how things are currently! Link to comment Share on other sites More sharing options...
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