Depositors with the failed Guernsey bank Landsbanki have suffered a setback to their campaign to get their money back.

The bank went into administration in 2008 following the collapse of its parent in Iceland.

Some of the Guernsey depositors' cash had been sent to the parent bank and efforts are underway to recover it. But the depositors have now been told they're among creditors classed as a "low priority" by the parent bank.

Landsbanki Iceland is also refusing to recognise the guarantee it offered for savings with Landsbanki Guernsey. 15-Feb-10.

http://www.channelonline.tv/channelonline_guernseynews/DisplayArticle.asp?ID=483863

* [For the avoidance of doubt LG depositors' claims were arbitrarily rejected 'in every respect' and given no 'priority' at all.]

Huge differences in when councils risked putting cash into doomed Icelandic banks have been unearthed by Channel 4 News online.  . .

. . .Administrators in the UK and Iceland are trying to recoup money for creditors by raising cash from the banks' remaining assets, although as councils are not "retail" depositors they are not guaranteed any return. A Landsbanki creditors' meeting was set to take place in Iceland this morning, where those with money frozen were hoping for a clearer picture of what was going on.  20-
Feb-09.

http://www.channel4.com/news/articles/business_money/when+did+your+cash+go+to+iceland/2965662

Channel 4 News reveals that the British government and the financial regulator were aware of serious problems in the Icelandic banking system as early as March, but chose to take no action. 31-Oct-08.

http://www.channel4.com/news/articles/business_money/should+savers+have+been+warned/2700367

Video clip of news report:

http://link.brightcove.com/services/link/bcpid1184614595/bctid1892186476

Video Clip: Jon Snow discusses the current  offshore banking issues with John McFall MP, Chairman of the Treasury Select Committee and Ziggy Sieczko of Kaupthing Singer & Friedlander Depositors' Action Group. 27-Oct-08.

http://link.brightcove.com/services/link/bcpid1184614595/bctid1873839606

Chancellor Alistair Darling responds to accusations that he 'over egged' the inability of the Icelandic government to reimburse British savers.

Question: The Icelandic authorities have put out a transcript of a conversation. They say that you over-egged the extent to which they weren't going to reimburse depositors. What's your response that you acted precipitously?   24-Oct-08

http://www.channel4.com/news/articles/business_money/darling+iceland+cou...

Councils around Britain have £850m trapped in collapsed Icelandic banks. The latest figures on councils and public bodies in the UK could hardly be more stark.

But as much, if not more, has been invested by British depositors in Icelandic-owned banks in Guernsey and the Isle of Man. 14-Oct-08.

http://www.channel4.com/news/articles/business_money/crunch+threatens+offshore+money/2523727