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  Just been looking more at what has been happening in the world markets today and it is clear that there is more in play than just this B&B foul up. Nevertheless I do believe that my initial reaction remains valid and accounts for some of impact on the UK market.
  
  Today's developments are disturbing and, to be frank, I dont know where things will go from here. Confidence in the banking sector (and parts of the insurance sector) is so low now it wont take a great deal to tip another bank/building society over the edge.
  
  I would suggest that any of you with more than £35,000 with a single institution should spread your money around. Do be careful about 'financial groups' as well because you will find multiple companies within one banking group and you will not be covered by the compensation arrangements for each company, only what is held by the Group.
  
  If you have specific concerns see a financial adviser and ideally get fee based advice to make sure it is impartial.

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