Icesave has gone into receivership
300,000 British savers were left uncertain about whether they had lost their life savings yesterday, after Iceland’s second-largest bank went into receivership.
Savers seeking to withdraw money from Icesave, an arm of Landsbanki, the Icelandic bank, have found they could not operate their accounts online.
A message on the Icesave website said: “We are not currently processing any deposits or any withdrawal requests. We apologize 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 bank’s website temporarily crashing as thousands of savers desperately tried to gain access to their cash. The 300,000 saver 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.
