Co-op Bank About to Collapse?

[bigweb]

I use their 'Smile' internet arm as my main bank account. Should I think about moving my money and account?

[DonkeyApple]

Du1point8 said:

Yipper said:

Yes, Co-op has gone the same way as RBS, BoS, B&B and others. A small northern bank that tried desperately to play with the big boys in London and lost.

I dont think you understand RBS as you are saying it in the same sentence as B&B, Co-op and BoS.

Do you realise the size that RBS was before the fk up?

I'd group it the same. Provincial operator who bought up building societies and tried to pretend they were global players.

An interesting view is that none of these banks would have become too big to fail if the general public hadn't carpet bagged all the mortgage lending building societies back in the 90s.

[hidetheelephants]

bigweb said:

I use their 'Smile' internet arm as my main bank account. Should I think about moving my money and account?

I'd imagine Smile is one of the more sellable parts of the mess.

[TwigtheWonderkid]

Yipper said:

Yup, mortgages should fine. And savings below 70k.

I thought it was £85K these days?