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Which banks are bondholders?

  • 18-06-2011 9:05am
    #1
    femur61
    Registered Users, Registered Users 2 Posts: 1,588 ✭✭✭


    Does anyone know what UK banks are bondholders if we burn them? In Ulster bank here who are RBS and going to NI to open an account with them in Newry but if they are going to burnt is there any point.


Comments

  • #2
    Atlantic Dawn
    Registered Users, Registered Users 2 Posts: 84,762 ✭✭✭✭Atlantic Dawn
    M


    I spotted a new looking Santander branch last time I was in Newry, might be another option.


  • #3
    femur61
    Registered Users, Registered Users 2 Posts: 1,588 ✭✭✭femur61


    Atlantic Dawn wrote: »
    I spotted a new looking Santander branch last time I was in Newry, might be another option.

    Spainish bank? Spain might need a bailout soon and their economy is so much worse than ours so thanks for that, but I do feel they are one to avoid.


  • #4
    loldog
    Registered Users, Registered Users 2 Posts: 634 ✭✭✭loldog


    Some info here, a list of Anglo bondholders

    http://golemxiv-credo.blogspot.com/2010/10/who-are-bond-holders-we-are-bailing-out.html

    .


  • #5
    Tora Bora
    Closed Accounts Posts: 1,258 ✭✭✭Tora Bora


    femur61 wrote: »
    Does anyone know what UK banks are bondholders if we burn them? In Ulster bank here who are RBS and going to NI to open an account with them in Newry but if they are going to burnt is there any point.

    What's the benefit in opening an Ulster Bank account in Newry, versus an Ulster Bank in your local town?
    Both are covered by the same guarantee. British Government guarantee.
    It's the same thing as far as I could make out.
    It's quicker to nip down to the local branch, to start taking out cash in the event of the financial system starting to rumble again.


  • #6
    fred252
    Registered Users, Registered Users 2 Posts: 450 ✭✭fred252


    Tora Bora wrote: »
    What's the benefit in opening an Ulster Bank account in Newry, versus an Ulster Bank in your local town?
    Both are covered by the same guarantee. British Government guarantee.
    It's the same thing as far as I could make out.
    It's quicker to nip down to the local branch, to start taking out cash in the event of the financial system starting to rumble again.

    yes but there's no risk of your euro savings getting converted to punt nuas if ireland pulls out of the currency union and you have them in newry. whereas your savings would most likely get devalued in the new currency if you have them in a southern ulster bank.


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  • #7
    Scofflaw
    Registered Users, Registered Users 2 Posts: 23,283 ✭✭✭✭Scofflaw


    loldog wrote: »
    Some info here, a list of Anglo bondholders

    http://golemxiv-credo.blogspot.com/2010/10/who-are-bond-holders-we-are-bailing-out.html

    .

    You have to be very careful using that source. It's a mix of senior and junior bondholders with all the Irish bondholders carefully removed. There's a junior coupon mentioned specifically for which one (German or Swiss) holder is listed, but the Wexford Credit Union, which held exactly the same bond, is not mentioned.

    cordially,
    Scofflaw


  • #8
    femur61
    Registered Users, Registered Users 2 Posts: 1,588 ✭✭✭femur61


    Tora Bora wrote: »
    What's the benefit in opening an Ulster Bank account in Newry, versus an Ulster Bank in your local town?
    Both are covered by the same guarantee. British Government guarantee.
    It's the same thing as far as I could make out.
    It's quicker to nip down to the local branch, to start taking out cash in the event of the financial system starting to rumble again.

    Initially thats what I thought but if the euro goes then would it be better to be in sterling. Seems a bit late to be thinking about it know.:eek:


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