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Old 18th May 2012, 06:49
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Fostex
 
Join Date: Jan 2012
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It is also worth bearing in mind the current economic situation.

BBC News - Spanish banks have credit ratings cut by Moody's

"Fears about losses at Spanish banks have hit shares across Europe. The banks include Banco Santander and BBVA, the biggest banks in Spain. Ten of the 17 banks were also put on negative credit watch, meaning that further downgrades are possible."


This may seem like scaremongering on my part but speaking from experience I had a lot of cash in Kaupthing Edge ( Icelandic bank ) when it went bust in 2008. I eventually got the money back but it was a worry for a while. Trust no one in finance, they will only state what they want you to think to get your capital.

Last edited by Fostex; 18th May 2012 at 06:50.
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