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FSA warned about Iceland in March 2008

Posted on October 16, 2008January 17, 2025 by admin

I love it when bloggers go off and find stuff.

Hat tip to Lilleth

 

“Credit insurance for debts at Iceland’s biggest bank, Landsbanki, is priced at 610 points while that for Kaupthing is priced at a hair-raising 856. Given that these two have taken billions in UK retail deposits, it may be a sobering thought for savers to consider where they are putting their cash. These banks are now seen as the most unsafe in the developed world.”
Go and read
I have posted this to my council. Along with a fresh dog turd.

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