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A comment on The Profitability Challenge for Challenger Banks. Parent comment

Re:The Profitability Challenge for Challenger Banks by trollied on Sunday October 13, 2019 @03:41AM (#21239041)
In the UK current account deposits are insured up to £85k.

Northern Rock went pop ~8 years ago and the public did not lose money - the government did though.

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Re:The Profitability Challenge for Challenger Banks by user5994461 on Sunday October 13, 2019 @08:22AM (#21240001)
Makes one wonder what's the procedure and how long it takes to get the money back.

Either way, it can't be a good experience to be stranded with no card, no bank account, and the bit of money you had all frozen indefinitely.

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