Presumably customer deposits are typically invested in short term government paper and reverse repos rather than corporates. I would expect this to be similar across all banks.
(Also I disagree with classifying defence companies as immoral. This is the sort of thinking that leads the west to be vulnerable to aggressive dictatorships).
Presumably customer deposits are typically invested in short term government paper and reverse repos rather than corporates. I would expect this to be similar across all banks.
(Also I disagree with classifying defence companies as immoral. This is the sort of thinking that leads the west to be vulnerable to aggressive dictatorships).
You can look at banks’ financial reports. Santander’s (https://www.santander.co.uk/assets/s3fs-public/documents/Santander%20UK%20plc%202024%20Annual%20Report.pdf) says £60 billion in “Cash, repos, other financial assets and other assets non-interest earning” and £176 billion in customer deposits.
You’re right, I had forgotten that retail customer deposits count as stable funding under the liquidity regulations.