Kaupthing Edge, Should I Avoid?

Reaper

The Icelandic government need to have their heads banged together. First when everybody has been waiting to hear what they are going to do they announce they are going to do nothing.

Next they suspend shares because they might announce something soon.

For goodness sake are they trying to flush their economy down the toilet? Make decisions guys - that's what you're paid for.

papolo

Icelandic banks have attempted to reassure their UK customers that their savings deposits are not under threat. :T
Both Kaupthing and Landsbanki - the Scandinavian country's two largest financial firms..........

continue the reading on

http://www.money.co.uk/article/1001602-savers-get-assurances-over-icelandic-banks.htm

Vectra

The Icelandic Financial Supervisory Authority said in a statement it that it had imposed the suspensions because it wanted to “safeguard the equality of investors while awaiting an announcement”.

SavingsSearcher

Was there a reasoned reply to Ray123 who asked If a bank goes bust does the compensation scheme include the return of interest on the money in the account ?

moanymoany

Trading in Iceland banking shares has been suspended.

papolo

moanymoany wrote: »

Trading in Iceland banking shares has been suspended.

Savers in the UK who have put their money into Icelandic banks have been told their deposits are safe.
That message was given today by the Icelandic government and the two Icelandic banks that operate in the UK......
continue the reading on

http://news.bbc.co.uk/1/hi/programmes/moneybox/7652519.stm

Stompa

papolo wrote: »

Savers in the UK who have put their money into Icelandic banks have been told their deposits are safe.

They've just offered an unlimited guarantee.

altocumulus

SavingsSearcher wrote: »

Was there a reasoned reply to Ray123 who asked If a bank goes bust does the compensation scheme include the return of interest on the money in the account ?

Without knowing the definitive answer - I would hope that the compensation would be what your account held at that special moment in time when all hell breaks out and the fat hits the proverbial;
i.e. if interest is paid daily, then that should be reflected in the compensation - but tbh I've not seen anything written except that compensation is supposed to leave the depositor no worse off....

Anyhow - will you all stop this panicing - if it's going to happen, then there's nowt us mortals can do about it !!!!

I'm staying put....

Vectra

The Icelandic government have just announced that depositors savings are guaranteed 100%

altocumulus

Vectra wrote: »

The Icelandic government have just announced that depositors savings are guaranteed 100%

Now can we PLEASE stop the scaremongering; it's upsetting the chickens in the coop.... :rotfl: