http://www.dailymail.co.uk/news/arti...hore-trap.html
An 87-year-old widow has lost almost her entire £600,000 life savings because of the Icelandic banking crash.
Ruth Burridge worked seven days a week for more than 20 years running a seaside pub to put aside the cash in a Derbyshire Building Society offshore deposit account.
But now her nest-egg will virtually disappear because the Derbyshire?s offshore accounts were taken over last November by Kaupthing, the Icelandic bank that collapsed last week.
Thousands more British investors with offshore accounts could face huge losses, too.
Neither Jersey nor Guernsey has protection schemes for UK citizens.
Under the depositors? scheme run by the Isle of Man Financial Services Commission, investors in the accounts run by Kaupthing have a maximum protection of £50,000 each.
Mrs Burridge will now be forced to sell her idyllic £500,000 home in the village of Fishbourne, near Chichester, West Sussex, and is likely to spend the rest of her days in a care home.
http://www.dailymail.co.uk/news/arti...ers-brink.html
'The devils are enjoying their last days in Hell' - the billionaire, his blonde wife and friends who helped bring Iceland to the brink.
They giggle and drink bottle after bottle of expensive wine, blithely unconcerned by the turmoil around them.
This was Icelandic billionaire Jon Asgeir Johannesson, dressed casually in black, legs outstretched, and his merry court at 1am yesterday, holed up in a chic hotel in the capital Reykjavik.
His failed bank Glitnir, of which he is the majority shareholder, owes millions of pounds to British investors, including companies, town halls, police authorities and charities.