Summary
ICELAND's top bankers and politicians were warned that the country's banking system could go bust seven months before it was engulfed in crisis. Iceland's central bank was even told that October was likely to be the month when it would happen.
On October 8, the country's two biggest banks imploded, causing panic among British savers and leaving some local authorities facing millions of pounds of losses.See the full content of this document
Extract
Icelandic Banks Had a Seven-Month Warning
The news further dents claims by the failed banks' administrators that ...
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