Council was aware about Icelandic bank risk
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Published on December 9 2009 in Finance
Caerphilly Council was warned by its financial advisers that £15million of Council Taxpayers money invested in an Icelandic bank was at risk months before the collapse of the bank. In May 2008, Sector, who were treasury management experts for the Council advised them that Landsbanki could lose its ‘A’ credit rating and therefore possibly downgrade [...]
Tags: bank, council, Finance, risk