On Tue, 15 May 2012 04:56:18 -0700 (PDT), Martin Bonner
wrote:

Santander UK is a separate legal entity from Santander in Spain. If Santander in Spain
goes bust, that doesn't mean that all the money in the UK can be siphoned out to pay
for the losses (well, not without Directors facing fraud charges and probable jail terms).

HMG have had lots of problems extraditing convicted UK criminals from
Spain to the UK when they have gone AWOL. We'd have no chance
getting the Spanish to extradite one of their own for a minor offence
like trashing the economy of the Eurozone and nicking UK savers funds.


--