More than 2,000 savers with accounts in the Guernsey subsidiary of a failed Icelandic bank are unlikely to recover all of their money, administrators warned yesterday. Depositors have been offered a preliminary pay-out worth just 30 per cent. An initial survey of Landsbanki Guernsey's assets and liabilities by the administrators from accountancy firm Deloitte reported that £41m of the £121m owed to depositors and others was available for distribution. 17-Oct-08

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