Chancellor Alistair Darling has said that no UK customer of internet savings bank Icesave will lose out as a result of parent company’s going into receivership.

Read the rest of this entry »

UK customers of online bank Icesave may have to claim compensation to recover their savings after parent bank Landsbanki was taken over by the Iceland government and placed into receivership. The bank is likely to be declared insolvent, and the board have already been dismissed.

Read the rest of this entry »