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Iceland to capitalise three banks

Iceland is to capitalise three of the banks it rescued last year in a move to bolster its banking system, according to reports.

The country’s three main commercial banks, Glitnir, Landsbanki and Kaupthing collapsed last October under the weight of billions of debt owed to foreign lenders.

According to reports, the terms of the capitalisation will see the government offer controlling stakes in Islandsbanki, previously Glitnir and New Kaupthing to the old banks’ existing shareholders, while retaining a stake in the banks.

Reports say a similar plan for Landsbanki is under discussion.



FSA fines HSBC £3m

The FSA has fined three HSBC firms over £3m for not having adequate systems and controls in place to protect their customers’ confidential details from being lost or stolen.

Low points

Interest rates have been the centre of many investment discussions in the past year. With the Bank of England deciding to hold interest rates at their historically low level of 0.5 per cent, it appears that this topic is not likely to go away any time soon.

Derek Stuart: where to find value in the UK?

Derek discusses a number of Œself-help stories as examples of where he is finding good opportunities in the UK With the FTSE trading at historically high levels, many investors have questioned whether UK equities continue to offer value. But, as Derek points out, the headline figures mask many opportunities at a sector level. He has […]


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