My mother, who died three years ago, left my daughter 21,000 GBP to help get her started in life. I invested the money for her on a fixed term deposit with Landsbanki Guernsey this August. I learned four days ago that Landsbanki has gone into administration.
I haven’t had the heart to tell my daughter that her money may have been lost. I’m trying to keep it to myself for as long as I can, in the hope that the problem is solved before she reads my mails and cries her heart out.
My story is nothing compared with the heartrending situation of others who chose to invest their life savings with a bank in Guernsey. I imagine that most of them, like me, did not for a moment imagine that Guernsey would turn its back on them at a moment like this.
I understand that Guernsey is shortly to implement a protection scheme for investors, but will not be applied retroactively to protect people like us.
Is that the final word?
