Beware British Banks Are Vulnerable

According to the Telegraph:

"In a warning to bankers and consumers after months that have seen large jumps in share prices and hopes that the banking system is recovering, the Bank used its Financial Stability Report to emphasise that the UK remains highly vulnerable to potential shocks."

"the shortfall between what banks have in deposits and what they lend out to customers – has further widened in the past year to more than £800bn."

Bottom line: Use extreme caution if you are thinking of investing in British banks.