So Where Else Is Our Money Kept?

Summary


Mps ARE keeping a close eye on the fallout from the Icelandic banking crisis as councils look for the best way to recoup taxpayers' money.

Several authorities in the area have been left wondering what will happen to more than pounds20 million invested with collapsed bank Landsbanki and its UK subsidiary Heritable Bank.

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Extract


So Where Else Is Our Money Kept?

Stoke-on-Trent City Council has had pounds5 million frozen, and Newcastle Borough Council pounds2.5 million. East Staffordshire B...

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