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