Your money’s gone. Griff Rhys Jones thought his savings were as safe as houses – until his bank crashed
We don’t talk about money, do we? You shouldn’t fret about that nest egg, after all. You just hand it over to those qualified, expert fund people and forget about it, don’t you? Yup. And when Credit Suisse or Silicon Valley Bank (SVB) in California collapses in a heap, it is totally ‘foreigners buggering up’, isn’t it? Somewhere in that bit of the newspaper you use to light the fire. Last time this happened, though, (mug-punter that I was) I found out that, entirely unbeknownst to me, a substantial chunk of my own personal, cash nest-egg had been passed on to a bank to ‘look after’, on deposit for a few days, by a hedge-fund institution I was trying to get out of. At the time, I was up a mountain and unable to reach a computer to get into my personal bank account. The bank was called Lehman Brothers...
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