remember pyramid building society?.
The govt guarantee covers many banking institutions should be easy enough to google,but at the end of the day best to be in the most capitalised bank as you really don't want to be relying on a guarantee payment from govt,especially in such a situation the economy could be having some serious issues..
Imo its common sense and better late than never and i believe 2 of the big 4 have said raising ratios is not a problem.Murray wants them to increase ratio from the average of big4 eg 8 to 9% to the top global banks of approx 12%.
ps being negative the banks i wonder how the big 4 would perform in a serious australian gfc.
The uk recently did a stress test on their banks eg higher interest rates ,falling house prices but didn't hear if that included bad derivative trades.Two failed and one may be forced to not pay dividends only because it was already bailed out by govt in gfc.
glta on where to park your money safely...
