In message , Al
writes
Nor do I expect them to. Nor did any normal soul expect BCCI to go bust,
given that the BoE had licenced them.
I think you'll find that the bank of England had *not* licensed them as
a Bank and had refused to do so on at least one occasion. They were a
"Licensed Deposit Taker" (I think that's the right phrase). That in
itself would have sent alarm bells wringing with me, not sure about the
rest of you.
--
Ian Jelf, MITG, Birmingham, UK
Registered "Blue Badge" Tourist Guide for
London & the Heart of England
http://www.bluebadge.demon.co.uk