What to do when a bank goes bust?
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selig
Apprentice
Joined: 07 Mar 2007
Posts: 1
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 Posted: 03/12/08 - 10:42 Post subject: |
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| Hello, I’m Todd and I’m writing a paper on the history of banking. Currently, I’m dealing with the effects of a bank closure. Personally, I’ve never had such an experience and I hope that I won’t be in that position in the future. But, what is someone supposed to do then? So, if you happen to know something about this, I’d be really grateful. |
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agnese
Apprentice
Joined: 27 Jul 2006
Posts: 2
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| Posted: 04/11/08 - 03:19 Post subject: |
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| Hello, Todd! I’m Marry from Chicago and, in comparison to you who has never experienced his bank going bust, this is exactly what happened to my aunt. Although she doesn’t live in the USA, the measures that have to be taken in such cases are the same for all parts of the globe. As for her, it wasn’t pleasant not to be able to use her hard-earned money. What they did she said was that the staff management hired financial experts to help them assist in solving the various problems. Each trading of the bank had to be examined thoroughly so as to protect the clients. |
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