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  1. #1
    Expert abaxas
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    Crisis spreads as Iceland's Landsbanki goes bust


  2. #2
    Contributor bilbo
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    And sure enough, the Icelandic Govt. has stepped in to rescue ie take over Landbanki. Icesave accounts have been frozen, with no transactions allowed. Hopefully, a temporary measure.

    Kaupthing bolstered by a 4 billion euro loan. Russians in to support the Icelandic Govt.

  3. #3
    Contributor bilbo
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    Quote from Times Online Oct 7

    "British savers may now face a difficult struggle to extract their money from Icesave accounts"

    Well, sorry, but you can't say I didn't warn you. Its all very well dismissing posts as a rant, take note Moderator.

  4. #4
    Rpoints Elite Brucey has a spectacular aura about Brucey has a spectacular aura about Brucey has a spectacular aura about
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    "We are not currently processing any deposits or any withdrawal requests through our Icesave internet accounts. We apologise for any inconvenience this may cause our customers. We hope to provide you with more information shortly."

    Not good for people who have their day to day savings account with Icesave.

  5. #5
    Contributor bilbo
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    Ask yourself why these are offering super-high rates for savers, then avoid or get out while there is still time to do so. Collapse imminent.

    Hopefully people on this site got the message from these previous posts, and were able to transfer out in time.

  6. #6
    Contributor bilbo
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    300,000 British savers have £4.5bn tied up in the now-frozen Icesave account. Reading into Landsbanki comments...domestic branches are open as normal for transactions,...domestic deposits are guaranteed. Does this mean that anyone domiciled in Iceland can gain access (can't imagine they'll be going into the branch to make a deposit), and what do they mean by "domestic deposits"?
    The Titanic queue starting to form, with UK savers stuck down in the galley?
    Short break to Reykjavik with Ryanair, anyone? If you can get your cash out, would you look for a 10% saver with the People's Bank of Andorra? Quite.

  7. #7
    Expert guyuk
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    Does iceland have an ebay?

    I figure someone could make a mint offering to stand in the queue with your passbook
    So Long and THANKS for all the fish !

  8. #8
    HB
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    icesave.nl also still seems to be operational for new accounts too, so it's just the UK savers currently blocked
    Sterling Forever.

  9. #9
    Moderator Sarah is just really nice Sarah is just really nice Sarah is just really nice Sarah is just really nice Sarah is just really nice
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    FSCS gears up to assist Icesave's UK branch customers
    http://www.fscs.org.uk/consumer/

  10. #10
    Contributor Zanshin
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    Still a good possibility that if you have less than £16k saved with them you could lose it all

    If that is the case then it's all my savings.....

    Have already written to my MP for all the good it will do.


 
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