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

UK News

This page contains brief summaries of and links to media reports on the topic of UK News.

Britain to loan Iceland £3bln to repay savers: report

LONDON (AFP) — Britain is planning to lend about three billion pounds to Iceland to repay savers with money in a stricken Icelandic bank, a newspaper reported on Wednesday.

The Financial Times, quoting unnamed officials in Iceland, said a British delegation hoped to wrap up the deal -- worth about 30 percent of the island nation's gross domestic product -- during a trip to the country this week. 22-Oct-08.

Iceland must look after depositors, says Prime Minister

PRIME MINISTER Gordon Brown has said it is Iceland’s responsibility to look after Britons with money in failed Icelandic banks through branches in Guernsey and the Isle of Man.

He was pushed on the issue during a Common’s debate by Conservative MP Graham Brady. 22-Oct-08.

U.K. Deposit Fund Pays 3 Billion Pounds for ING Iceland Savers

The FSCS and the Treasury have acquired rights in the assets of the remaining business of the Heritable Bank. 20-Oct-08

Government set on collision course with Iceland over Landsbanki assets

The Government has put Ernst & Young, the accountancy firm, on standby to step in as administrator of the UK assets of Landsbanki.16-Oct-08.

ING Direct to take over Icelandic deposits

ING Direct is to buy more than £3 billion of deposits held by UK savers in Icelandic banks.

The Dutch-owned online bank said it has agreed with the Treasury to acquire £2.5 billion of deposits and 160,000 customers from Kaupthing Edge and £538 million from Heritable Bank.   ClickAJob website - 14-Oct-08.

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