British Councils may receive losses from failed Icelandic banks

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British Councils may receive losses from failed Icelandic banks

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04-20-2009, 12:34 PM

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British Councils may receive losses from failed Icelandic banks

A creditors’ report from the administrators of Heritable Bank, the UK arm of failed bank Landsbanki, has revealed that British councils may be able to recoup some of their losses. The Icelandic banking crisis emerged last autumn after Landsbanki, Glitnir and Kaupthing all collapsed and had to be rescued by the country’s Government. Hundreds of millions of [...]

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