info.LandsbankiAction.org.gg   12-Jan-2012: Liquidators' 2nd Interim Report.  www.deloitte.com/uk/landsbankiguernsey

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Savers stranded on islands following banking collapse

OFFSHORE savers with two Icelandic banks, Kaupthing Singer & Friedlander in the Isle of Man and Landsbanki Guernsey, as well as thousands of insurance bond holders, may have lost millions of pounds following the collapse of the institutions.

Investors with the Guernsey branch of Landsbanki have been dumbfounded to discover that they may have lost their savings because cash was transferred to another subsidiary, Heritable, where depositors are being protected, as well as to the parent company.  Scotland on Sunday website - 19-Oct-08.

http://scotlandonsunday.scotsman.com/business/Savers-stranded-on-islands-following.4606583.jp