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Andrew Ellson, Personal Finance Editor Hundreds of thousands of savers were left uncertain about whether they had lost their life savings yesterday, after Iceland’s second-largest bank went into receivership. The 300,000 British customers of Icesave, the internet savings bank owned by Landsbanki, could face weeks of uncertainty as their deposits were frozen, after the decision by Iceland’s financial regulator to take control of the stricken bank. Savers were left bewildered and angry after a message appeared on the bank’s website declaring: “We are not currently processing any deposits or any withdrawal requests. We apologise for any inconvenience this may cause our customers. We hope to provide you with more information shortly.” As recently as Monday, Icesave was still insisting that it was “business as usual” despite the... [read full story]
