This brings up a very important topic because everyone should be cautious who they park their money with.
Hopefully someone will be able to tell us exactly who is insured and for how much. & on a practical note -how many months or years would it take to get the money back?
I find the Spanish banks to be a highly suspect bunch because they expect us to believe that they didn’t get caught up in the US sub prime mess. The fact that Santander is able to purchase A&L could almost be taken as proof that they are not being properly regulated -who else is going on a spending spree right now?