Question for our European members

[benhogan]

Every week here in the US, a few banks fail (usually small banks). This is where the government forces the sale of a bank to a bigger bank.

Does this happen in Europe too? Are the biggest banks (CS, ABN, SG, etc.) the only players in banking there?

Also, are the deposits insured? by whom and what is the max?

I imagine it can't be that different over there.