Cameron: Spanish banking crisis not a threat to British savers

David Cameron has reassured British savers worried by the a raft of downgrades of Spanish banks, describing British banks as well regulated and well capitalised.

Speaking at a NATO summit yesterday, the Prime Minister, asked if he could reassure Santander's British customers, said: "People should know that British banks are well regulated, well capitalised and, in terms of the branches of banks in Britain, and all the rest of it, the Financial Services Authority has made the position, I think, very, very clear," reports Reuters.  Last week, Moody's downgraded the long-term debt and deposit ratings of 16 Spanish banks and Santander UK, a British subsidiary of Spain's Banco Santander. The move raised concerns among some British savers about whet...