Almost £1bn deposited with Icelandic banks because they paid a 1/4 point more!

October 9, 2008 · Filed under The Credit Crunch

Not a lot to say here except “do you remember your first lesson in finance?” “Well, it was about risk and return”. Does 1/4 point return really compensate you for the risk of an Icelandic bank over and above a UK bank?

1 Response so far »

  1. 1

    jimlove said,

    October 16, 2008 @ 1:50 pm

    This post made me chuckle now that we see that UK banks are bust too!

    Reply

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