if hbos fails will that effect bankwest guys

  1. top-pick
    4,504 Posts.
    clock Created with Sketch.
    16/09/08
    22:15
    Post #: 4273801
    ?

    I have a Term Deposit with BankWest and I'm worried that if HBOS fails, will that effect BankWest or would it simply mean HBOS would have to sell BankWest and they cant touch any of the BankWest deposits?

    I was under the impression that each bank is regulated by APRA and they must guarantee deposits and are regularly audited by APRA to ensure that all deposits are encountered for, is that right?

    Please help as I'm a little bit worried with my BankWest Term Deposit now.

    TIA
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

FG1 Flynn Gold flags mid-grade drill hits and always eye-catching rock chips
right-arrow Created with Sketch.
IMR Imricor raises $35M to pursue growth and expansion into Australia and NZ
right-arrow Created with Sketch.
I88 Major fault system and magnetic anomalies discovered at Talus Uranium Prospect
right-arrow Created with Sketch.
NEWS Warren Tredrea’s weekly sports business wrap: the latest on business in sport
right-arrow Created with Sketch.
MCT Metalicity looking for offers on Admiral Bay zinc project
right-arrow Created with Sketch.
GNX NSW approves J-POWER's $380M buyout of Genex Power, giving it ownership of QLD net zero project
right-arrow Created with Sketch.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.