Now that the night and the emotions are past, we will be able to be a little...
Am I trading with a regulated broker? yes
Wich regulation? FCA Do I benefi tfrom the FSCS cover? yes, since it comes with the FCA reg.
What is the risk involved for the customer after this move? no additional!
What changes in practice? Nothing (you'll have just have to add a new bank account in your Banking interface)
I have not forgotten that this country was almost defeated during the financial crisis. Should I remind the current context with the crisis in Catalonia?
Having its head office in a prestigious tower in the city of London, the regulation of the FCA, and ... a Spanish bank ??? Why not a Greek bank ??
Oh please, sorry
@Medialux but this argument is at least incomplete at worst totally misleading. What about USA? Why Greece fails? ok I will stop here
The fact is, it looks more sexy to deposit at Deutsche Bank, than at Sabadell... well... it looks. Do you know the exposure of DB in derivative products?
Don't let you fool by appearances.
So finally, is it a
Is Sabadell a catastrophic bank?
@CavaliereVerde said, they are just names, Banking system is connected and banks are all interdependent. We are not anymore in 1940 (fortunately or unfortunately is another question).
Like you, as a trader, my first reaction was... ow? really? what is Sabadell?
So I clearly understand the emotion spike thats crosses your mind(s).
But after the fantasy come the facts, and the facts are: all remains the same!