Protecting Your Money in The Bail-In Era
After the global financial market crash in 2008/2009, due to the unsustainable debt in private sector banks, new legislation was passed. This 2013 legislation states that in the event of bank failure, banks and building societies will be allowed to use creditors’ money to help save them from collapse.
This is known as ‘bail-in’.
As the economy struggles and national debt skyrockets, due to the pressure from the covid-19 pandemic, could savers be at risk?
Here in episode 4 of the Atkinsons Bullion & Coins podcast, Paul Atkinson discusses the legislation and how likely it is to happen.
This podcast represents one person’s opinion only. We suggest that customers should conduct their own research and take advice before making an investment. We do not offer investment advice.