Iceland

16 Oct 2008 01:48 pm
karohemd: by LJ user gothindulgence (Default)
[personal profile] karohemd
Why actually did so many UK institutions put so much money in Icelandic banks? Did they offer better conditions (fees, taxes, interest) than UK banks?

ETA: Thanks for your clarifications.

Date: 16/10/08 10:50 pm (UTC)
From: [identity profile] fractalgeek.livejournal.com
Better interest and what was a good credit rating - which pretty much used to be the only necessary rules of approval. Off the top of my head, they were an AA.

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