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3 issues for £1

Icelandic banks

Northern Lights, Iceland

Iceland vetoes bank's compensation bill

Iceland’s President Olafur Grimsson has refused to sign into law a bill to repay more than £3.1 billion, lost by British and Dutch savers when the island’s banks collapsed. Read more

Savers rescued after another bank flops

Around 10,000 London Scottish Bank savers have been promised 100% of their money back even on balances over £50,000 after the Manchester-based bank was placed in administration. Read more
Yorkshire BS cash machine

Icelandic crisis prompts mutual merger

The collapse of Icelandic banks has taken its first direct hit on the building society sector, with Barnsley BS forced to go cap-in-hand to the Yorkshire amid fears it may have to write-off £10 million. Read more
Castle Cornet, St. Peters Port, Guernsey,

Offshore depositors fight back

Thousands of depositors who thought offshore accounts were a safe haven for their cash face losing 70% of their savings after the collapse of Icelandic banks. Read more
Pound coins

ING in €10 billion bailout

ING Bank, which owns UK-based savings bank ING Direct, has been bailed out to the tune of €10 billion by the Dutch government. Read more
Icelandic banks

Scammers target Icesavers

Scammers are believed to be targeting Icesave customers by posing as the FSCS and demanding sensitive bank account details. Read more
Ice

Icesave shut down

Troubled savings bank Icesave has been declared in default but the authorities say its 300,000 customers will get their money back. Read more

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