[mattmaroon]

Almost nobody has yet lost money on typical retail bank products. Even a checking account is better than the mattress. Retail banking is doing just fine. Not that that's too relevant.

[gaius]

What about Icesave?

[mattmaroon]

A few banks in the entire world have failed. That qualifies as almost nobody.

Do they have anything like the FDIC over there? Even if retail banks did fail here, everyone would get 250k back per.

[gaius]

They did... Until the Icelandic government reneged. The UK government (lots of UK citizens had money there) then seized all their assets in the UK. It's a huge diplomatic mess.