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UK loan offered to Icelandic bank
compensation icesave customers in the uk are set to receive compensation for their lost savings, but part of this should come from the icelandic authorities because the bank is not registered in the uk . protecisely how money will be channelled to those who need it is yet to be made clear, and the financial services compensation scheme (fscs) is still drawing up a plan on how savers will be compensated for their lost savings . earlier in the day, the chancellor said that a plan to assist business customers and savers with landsbanki was close to being finalised . initially, any rescue in iceland was expected to concentrate on diplomestic customers first, prompting a strong reaction from the uk government, which seized the landsbanki assets in the uk . Generated 2008-10-22_1:39
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