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Landsbanki piles on the grief for Spanish property investors

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  • Landsbanki piles on the grief for Spanish property investors

    Retired Britons living in Spain could face repossession proceedings because their investments with the Luxembourg subsidiary of the failed Icelandic bank, Landsbanki, have turned sour.The bank provided an equity release scheme that was sold to ex-pats by local financial advisers and advertised on the British Chamber of Commerce in Spain website.Under the agreement, Landsbanki invested [...]

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