Icelandic banks in the UK are benefiting from the recent banking crisis.
According to a recent article in the Iceland Review, says Icelandic Banks in the UK are benefiting from recent banking crisis in the UK and US. Icesave and Kaupthing Edge have seen surge in business after UK customers lost faith in their own banks.
Kaupthing said that Monday was in fact the fourth best day of business since it launched its Edge savings account in February this year.
If this article is true, you will expect in the months more UK and US banks facing credit crisis and since depositors are taking out their money, the Central Bank will have to bail them out.
