• The post you are reporting:
   
  Gary - I answered you directly fully and briefly. There is no such problem in that respect that I am aware of and I am keeping a constant professional eye on financial news sites.
  
  Some investors do choose to invest via the UK divisions of overseas banks but this is not a problem and relatively small beer. Besides it provides our banks some needed interest rate competition. I am about to do 'due diligance' on an Indian bank for two of my clients, but since the Icesave affair there is a great deal more reluctance to invest with these overseas banks anyway.
  
  The problem is entirely down to banks not lending to each other and tightening their lending crieria to businesses and the public. The latter is actually a good thing up to a point but because of the lack of interbank lending is perhaps, in many cases, too restricting, horses and stable doors come to mind.

Report Post

Your Name

Reason