Bondholders clash with councils over £5bn Iceland cash
Bondholders who lost money in the Icelandic banking crash are poised for a legal battle with UK councils to renew their right to claim back £5bn they lost, the Telegraph has reported.
Local authorities lost around £1bn when Icelandic banks Landsbanki, Glitnir and Kaupthing failed in October 2008, and are still waiting for the bulk of the losses to be given back to them. However,...
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