Wales: Protect Our Iceland Bank Millions, Welsh Council Chiefs Urge ; Plea to Brown As Latest Crisis Raises Fears of Huge Losses

Daily PostOctober 10, 2008

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Summary


WELSH council chiefswere yesterday appealing to the UK government to protect them against the risk of multi-million pound losses in troubled Icelandic banks.

Eight county councils and three police authorities in Wales revealed more than pounds 60m had been invested with the Landsbanki and Glitnir banks.

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Wales: Protect Our Iceland Bank Millions, Welsh Council Chiefs Urge ; Plea to Brown As Latest Crisis Raises Fears of Huge Losses

Neath Port Talbot council said it had the biggest investment in the banks with pounds 20m tied up, Caerphilly council pounds 15m, with Cere...

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