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?
Almost £1bn deposited with Icelandic banks because they paid a 1/4 point more!
Published
This post made me chuckle now that we see that UK banks are bust too!