British deposit scheme to heap pressure on banks
Savers with the Irish arms of British banks are to benefit from enhanced deposit protection in the coming months, potentially triggering further pressure on Irish banks in their efforts to retain deposits.
Savers with the Irish arms of British banks are to benefit from enhanced deposit protection in the coming months, potentially triggering further pressure on Irish banks in their efforts to retain deposits.
Britain’s Financial Services Compens at ion Scheme (FSCS), which guarantees deposits held in the Irish units of British-regulated banks, is to increase the ceiling for guaranteed amounts from £50,000 (€62,000) to the sterling equivalent of €100,000. The change will take effect in January....
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