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.
Landsbanki Guernsey Depositors
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
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