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All in the same boat
All banks are simultaneously experiencing this phenomenon, so they will all have to compete to shore up their balance sheets. Why would I bank with my bank intermediation, personnel experience. In short the banks who are the most transparent will attract clients. Large write off's are on the horizon especially as the credit crunch progresses, and the only thing that will keep depositors at a bank is trust. What better way to gain trust than be transparent. All the big banks have had write offs and the one that’s mum healthy or not will be the next Northern Rock.
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