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Icesave savers may have to claim compensation
British savers of internet bank Icesave, an arm of Landsbanki, have been warned that they may struggle to claim their money. Earlier today, the Icelandic Financial Supervisory Authority announced that...
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£50bn rescue plan for UK banks at taxpayer’s expense
Details of a £50 billion rescue package have been unveiled by the UK Government, which will see Britain’s top High Street banks part-nationalised in an attempt to prevent further crises in the...
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UK Icesave savers will get their money back
Yesterday, it was warned that British savers of internet bank Icesave, an arm of Landsbanki, may struggle to claim their money. Earlier this week, the Icelandic Financial Supervisory Authority...
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Iceland hikes interest rates from 12% to 18%
Iceland’s central bank has raised its key interest rate a whopping 6% just two weeks after it cut rates from 15.5%. According to the Central Bank’s governor, David Oddsson, the rise is intended to be...
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Guernsey savers fail to benefit in Government’s Landsbanki rescue package
Icelandic bank, Landsbanki, collapsed earlier this month as a result of the global credit crunch, resulting in thousands of savers unsure whether they would get their money back. It was announced over...
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Iceland president vetoes repayment to UK
Icelandic President, Olafur Ragnar Grimsson, has vetoed the repayment of a £2.3 billion loan to the UK Government. The debt relates to the collapse of Landsbanki which collapsed at the height of the...
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