Monday, 28 May 2012

'Keep calm, your cash is safe': Banks ordered to display details of savings protection to head off bank runs

Banks will be required to display notices in branch and on websites that tell customers how much of their savings are protected if the bank goes bust, the Financial Services Authority (FSA) said today. The plans - outlined in December - will also apply to building societies and credit unions. They will see stickers and posters displayed prominently in branches to draw attention to savings protection limits....Mail Online

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