The Landsbanki Guernsey fiasco has been covered here before.
We covered it in these articles:
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