30-Mar-2016: Liquidators' Update, see Deloitte site

Expat savers hit by Icelandic bank crisis

British expatriates face major losses as a result of the Icelandic banking crisis.People with money in Kaupthing, Singer and Friedlander (Isle of Man) cannot benefit from the island's £50,000 deposit protection scheme until the bank goes into default. They are effectively in limbo.

But the worst hit are savers with Landsbanki in Guernsey which was put into administration on October 7, a move which has effectively frozen customer deposits. The bank's website has told customers that there is no deposit protection scheme in Guernsey, nor is the bank covered by a UK or Icelandic scheme.  14-Oct-08.