Icesave: Darling Guarantees All Deposits

Some better news for Icesave customers following yesterday’s news that they were basically going bust – Alastair Darling has effectively guaranteed all deposits in the bank, even those over the FSCS maximum of £50,000.

Speaking on BBC Radio 4 this morning, Darling said he would ensure that no British Icesave customers would lose money, although he could not give similar guarantees should other banks have the same problem in the future.

There will be more reaction on this, and his other plans for a bank bailout, later on Money Watch.

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