Tag Archives: Landsbanki

Landsbanki Guernsey Fiasco Ends after 8 Years. Depositors LOSE 8% in Unsafe “Haven”.

The Landsbanki Guernsey fiasco has been covered here before.

We covered it in these articles:

Landsbanki Guernsey Crisis – UK Government cover up and pressure to close protest websites.

Guernsey Commissioner’s Meeting 19th Jan 2011 about failed Landsbanki Islands Icelandic Bank

Landsbanki Guernsey Depositors To Get Another 17.5% Of Their Money Back

The short version is that Landsbanki Guernsey collapsed in 2008. Now we are in 2016, the official liquidation is finally concluded and the depositors have lost 8% plus 8 years compound interest.

Guernsey had ZERO depositor protection.… Click here to continue reading this article

Landsbanki Guernsey Depositors To Get Another 17.5% Of Their Money Back

Depositors in the unsecured Guernsey-based Landsbanki Bank that went bankrupt after the corrupt Icelandic government pulled the plug on it by nationalising its parent company in 2008 are to receive another 17.5% of their money back in February 2011.

The administrators Deloitte will be writing to depositors shortly to tell them how to claim the money. Here are the details:

The fourth payment of 17.5p/£, which will be made “as soon as possible after 7 February 2011 and after receipt of each depositor’s account details“. They’ll shortly be writing to depositors about the process for the payment, and including a statement of account as at 19 January 2011.

… Click here to continue reading this article

Guernsey Commissioner’s Meeting 19th Jan 2011 about failed Landsbanki Islands Icelandic Bank

The Landsbanki Depositors Action group has been doing some good work since 2008 in seeking to reunite savers with the Guernsey-based failed Landsbanki Bank (did we mention it was in the very unsafe banking “haven” of Guernsey?) with their cash. Unfortunately, they have sought to exclude some Landsbanki savers from their secret action website because some of those who wanted to participate were denied entry because they would not disclose personal financial details to the unknown action group proprietors. It is sad that some Landsbanki Guernsey savers were excluded in this way, but thanks to connections made on other websites, with other depositors, some of them are staying in the loop.… Click here to continue reading this article

Landsbanki Guernsey Crisis – UK Government cover up and pressure to close protest websites.

Thousands of British savers with Landsbanki Guernsey may not get their money back, it emerged recently.

The bank, a subsidiary of Icelandic bank Landsbanki, which has been taken over by the Icelandic Financial Services Authority, did offer some of the best rates on offshore savings accounts. But now savers in both the UK and the Channel Islands are unable to access their money.

There is no deposit protection scheme in Guernsey, and Landsbanki Guernsey is not covered by either the UK’s Financial Services Compensation Scheme (FSCS), or Iceland’s protection scheme, because it is registered in Guernsey.… Click here to continue reading this article