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FSCS and small self-administered schemes

Online Published Date : 08 June 2020 | Appeared in issue: 23.04 - 08 June 2020

During the 2008 financial crisis, five financial institutions collapsed, which affected more than four million retail bank accounts in the UK. Bradford & Bingley failed on 27 September 2008. Former Financial Services Compensation Scheme (FSCS)..