Stalemate in talks between Iceland and Britain over the fate of the money from UK savers that is frozen in an Icelandic bank was being blamed last night for delaying a bailout of the stricken North Atlantic economy.

The International Monetary Fund is believed to be insisting that Reykjavik’s dispute with London over British savings held in Icesave, the UK offshoot of Iceland’s nationalised Landsbanki, is resolved before it will make a decision on the scale of emergency support for the tiny island nation. 24-Oct-08.

http://business.timesonline.co.uk/tol/business/economics/article5004002.ece

Thousands of people face losing their life savings after Guernsey's government said it would not bail out its subsidiary of Landsbanki, the collapsed Icelandic bank. 24-Oct-08

www.telegraph.co.uk/finance/personalfinance/savings/3254343/Savers-set-to-lose-out-as-Guernsey-rules-out-Icelandic-bank-bail-out.html

Taxman to examine offshore savers returning to the UK seeking depositor protection.

HMRC is now stepping up its pursuit and is fully committed to commencing high-profile criminal prosecutions of taxpayers to act as a deterrent.

The government’s increased protection for depositors as a result of the credit crunch will lead to more investigations of savers using offshore bank accounts for tax purposes, Grant Thornton claimed today. Accountancy Age 24-Oct-08

http://www.accountancyage.com/accountancyage/news/2229001/offshore-saver...

The Guernsey government has no plans to follow the Isle of Man’s lead in offering public funds to help bail out savers in subsidiaries of collapsed Icelandic banks. 23-Oct-08

www.ft.com/cms/s/0/cd6b4bde-a149-11dd-82fd-000077b07658.html

A diplomatic row has erupted between the Icelandic and the UK governments.

The Icelandic government has hired a law firm following the Treasury's use of anti-terrorist legislation to freeze all Landsbanki assets in the UK.23-Oct-08.

http://ftadviser.com/FinancialAdviser/Regulation/Regulators/News/article/20081023/f9b98296-9c3f-11dd-8c44-00144f2af8e8/Icelandic-authorities-react-to-UK-govt-terror-move.jsp

More than 12,000 people have collectively lost nearly £1 billion in the offshore arms of Icelandic banks. But while the Government was quick to step in to guarantee the savings of UK investors who held money in this country with Icelandic institutions, no one has offered any help to those with cash offshore. 23-Oct-08.

http://ukpress.google.com/article/ALeqM5jzJeN8CTEV5UJsDTcc3eP-gyD7jw

WHEN the Policy Council brings forward its report on a depositor protection scheme for debate later this year, one of the issues States members will consider is whether the cost of the system and its effects on the banking sector here are justified by the reputational benefits achieved. 22-Oct-08.

http://www.thisisguernsey.com/2008/10/22/avoiding-the-too-little-complaint/

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.

http://afp.google.com/article/ALeqM5gSTFnLO0fLDX42SvPxRf0QXcycmw

More than 2,000 investors with £121m in Landsbanki Guernsey have been given a payment of just 30p for each £1 they invested — but there are 'good' prospects they will get further payments, says administrator Deloitte & Touche LLP. this is money website - 22-Oct-08.

http://www.thisismoney.co.uk/saving-and-banking/article.html?in_article_id=455954&in_page_id=7&in_a_source=&position=moretopstories

Expatriates who saved with Icelandic banks offshore still face massive losses despite a promised early part repayment for Landsbanki Guernsey customers and a £50,000 deposit protection scheme for customers of Kaupthing Singer and Friedlander (KSF) in the Isle of Man. 22-Oct-08.

http://www.telegraph.co.uk/global/main.jhtml?xml=/global/2008/10/21/new-expat-financial-crises.xml