so should banking customers here be worried? analysts say for most people there is no cause for concern just yet. if you ve got savings in an account with a bank that has got a banking licence, up to £85,000 per account is guaranteed by the financial services compensation scheme, and forjoint accounts up to 170,000. 11,000 people work at credit suisse and ubs here in the uk, and amid all the turmoil, theirfuture is very much up in the air. theo leggett, bbc news. the purchase of credit suisse by ubs has been welcomed by european central bank chief, christine lagarde i welcome the swift action and the decisions taken by the swiss authorities. these actions are instrumental for restoring orderly market conditions and ensuring financial stability. let me also remind that we are monitoring market developments closely and stand ready to respond as necessary to preserve price
manager and he started in the trustee savings bank when he was 17 years old. what he s done with my team at burnley savings and loans is told them how to manually underwrite, which is looking at people as people. if somebody has had a problem in the past, they haven t paid a bill, they got divorced or split up or they have problems with children or whatever, people go through different problems through life. you can have a look at the problems and see they ve got over them, you can chat with them and look at their bank statements and look at their bank statements and ask them about the problem. how can a computer 300 miles away in head office make the same decision is what david h does? it s impossible. is what david h does? it s imossible. , :, impossible. they can t. even though ou have impossible. they can t. even though you have been impossible. they can t. even though you have been doing impossible. they can t. even though you have been doing this impossible. they can t.
SBM Bank India is a subsidiary of the State Bank of Mauritius and became the first foreign bank to receive a universal banking licence under an Indian scheme for wholly owned subsidiaries, which allowed foreign lenders to compete with Indian banks.