British Savers Caught in Irish Crisis

Summary


BRITISH savers with billions of pounds in Irish banks are facing a bewildering series of changes in how their money is protected as banks and the authorities struggle to reassure them that their money is safe.

Changes to compensation scheme rules to be introduced over the coming months come hot on the heels of the fresh turmoil in Ireland's banking system, in which Dublin committed billions of pounds in extra bailouts to keep the country's financial system afloat. The bailouts could total Pounds 43 billion after the injection announced last week.

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British Savers Caught in Irish Crisis

About two million Britons have money saved w...

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