British banking & biggest legal heist
British bank depositors’ money is at its highest-level risk as, on the first day of 2016, all banks located within the EU follow the ‘Anglosphere’ nations of Britain, America, Australia, New Zealand and Canada into an agreement where the next bank failure and bail-in could cost depositors all their money.
The agreement raises more alarm as a report published by the Adam Smith Institute, a free-market think-tank, calls for the BoE annual stress tests to be scrapped, arguing they are “worse than useless” because they disguise weakness in the UK banking system.
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