Council to Get Back Pounds1m It Deposited with Failed Icelandic Bank

Summary


A Derbyshire council which deposited pounds1m with an Icelandic bank that later collapsed is to get its money back.

In March 2008, Amber Valley Borough Council deposited the money with Kaupthing Singer and Friedlander Ltd (KSF Ltd) until March 2009.

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Extract


Council to Get Back Pounds1m It Deposited with Failed Icelandic Bank

But, in October 2008, the bank collapsed.

...

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