I was surprised by this

[Link]

I spent my career in banking what was very clear is that as long as banks stick to err banking they are fine and can make money and be stable.

Every banking crisis I have witnessed is when banks decide to become investment houses. After the stock exchange big bang lots bought brokerages and promptly lost a shed load of money and who can forget junk bonds, Latin America and the Prime mortgage disaster of 2008.

So I am curious as to why Metro bank is in trouble if they have stuck to the normal savings and loans I don't see why they would be. If you start losing money you just increase the fees. Normal banking is well understood and fairly risk free unless you start doing stupid things.

Anyway hopefully they will not go bust if anybody out there has more than 85k with them I suggest you move it.

Edited by Badger11 (06 Oct 2023 4.44pm)

One more point