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63Good news for Kaupthing and Heritable savers with ING buyout
ING Direct UK -The UK counterpart of ING Group, has taken over £3billion worth of savings accounts from Icelandic banks Kaupthing Edge and Heritable Bank. Heritable Banks' parent owner Landsbanki collapsed...
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54Darling assures he will support banks
Chancellor Alistair Darling has said that the government will take necessary actions to ensure stability of the financial sector. This will include support provided not only for individual banks, but for the...
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65Landsbanki taken into receivership in a move to protect savers
Iceland's second largest bank Landsbanki, was nationalised by its government today as the country made use of new powers allowing it to take control of public companies in the financial sector. The Icelandic...
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59The Financial Services Authority (FSA) to raise guarantee protection limit covering savings up to £50,000.
If a bank or building society collapses, savers are guaranteed to get some of their money back. This limit of compensation was increased from £35,000 to £50,000, which came into effect on Tuesday 7 October...
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