Santander in trouble

[Groupie]

Anyone got more info on this, I just caught the tail end of news headlines/

[Ellipsis]

http://www.bbc.co.uk/news/business-16806206

[emmie]

all i could find

http://www.bbc.co.uk/news/business-16806206

[Vicasso]

Check out the BBC site
http://www.bbc.co.uk/news/business-16806206

[emmie]

snap

[rowanwitch]

looks like its being badly affected by the Eurozone problems as they are spreading to spain.

[factor-fiction]

It has suffered some problems but I cannot seee anything to suggest it is 'in trouble'

[chaptazbru]

I'm a bit worried now, I have all my savings in there.

[gollysailor]

They've still made billions in profits. Only panic if Standard and Poor's poke their noses in.

[chaptazbru]

Sorry gollysailor what's Standard and Poor's?

[Old_Geezer]

They are one of the groups that rate credit worthness.

[gollysailor]

The people who can bring whole countries to their knees by lowering their credit ratings (Greece, Italy, Portugal) are recent examples.

[chaptazbru]

Thank you.

[DTCwordfan]

Wouldn't classify this as Santander being in trouble, rather they are riding through a rough storm and making the necessary provisions to get through it. They are still pretty profitable and I wouldn't imagine their dividends being affected by this. And that they meet the Euro asset/debt ratios.

[Old_Geezer]

That saiid it is usually unwise to have all your eggs in the one basket. Or all your savings in the one bank/building society/whatever.

[chaptazbru]

I'm popping into my local branch soon, I'll have a word and see what I think.

[gollysailor]

I'm not sure how much British Santander knows about Spanish Santander.

[dr b]

Here in the US, Banco Santander trades on the New York Stock Exchange; the stock is up very slightly this morning so the markets do not view this news as a negative surprise, but appear to have expected it.

[factor-fiction]

>"I'm a bit worried now, I have all my savings in there. "

I don't see that there is anything to worry about. I thought the answers had said that but clearly you are concerned and probably nothing we say will help make you feel better, but I'll try.

In the very unlikely event anything goes wrong your money will be guaranteed up to the limits (can't remember it now but it's something like £60000. But if Santander were to go 'belly up' (which it certainly won't) then the whole banking system will collapse so money will be worthless.

[237SJ]

Maybe if they weren`t so completely diabolical as regards service they would be doing a bit better.

[Kezzaherb]

Fscs protects up to £85,000 pp per bank. At last count they were the 10th safest bank in the world and the only uk bank in that 10. They still made nearly £1 bill profit so let's not blow this out of proportion. Fear and panic through misunderstanding can bring a company and even the country to a standstill!