From: John Boyle 
Newsgroups: uk.finance
Subject: Re: Bank goes bust?
Date: Sun, 16 Sep 2007 13:08:09 +0100
Bytes: 2164

In message , Anthony R. Gold 
 writes
>On Fri, 14 Sep 2007 19:36:36 +0100, Alasdair  wrote:
>
>> On Fri, 14 Sep 2007 15:38:38 +0100, "tim....."
>>  wrote:
>>
>>> Banks have been allowed to go bust before.
>>
>> What was the last bank to go actually bust and when?
>
>The Bank of Credit and Commerce International (BCCI) 1991
>Barings 1995.

Yes, and in effect the Leamington Spas Building Society also in 1991 
whose customers were effectively 'saved' when it was arranged for the 
society's engagements to be transferred to Bradford & Bingley B/Soc.

And there was Town & Country Buildings society around the same time (I 
cant remember the year) whose engagements were assumed by the Woolwich 
which was the a B/Soc too.

I think B&B is one to keep an eye on in view of its subsidiary Mortgage 
Express.
-- 
John Boyle