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Landsbanki Guernsey goes into Administration

Posted on October 07, 2008

The Landsbanki Guernsey offshare bank has gone into administration this morning, amid continuing turmoil surrounding Icelandic banks.Meanwhile customers of Icesave, another arm of Landsbanki, have been unable to withdraw cash in their accounts today.Icelandic banks are currently under enormous pressure to recapitalise by selling off overseas assets, which makes the closure of Landsbanki Guernsey of [...]...

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