Swine flu postpones demonstration

Landsbanki Guernsey customers were to demonstrate for full compensation

Savers who lost money in the collapse of the Icelandic bank Landsbanki have postponed a planned demonstration in Guernsey because of swine flu.

Depositors from around the world were to have taken part in the demonstration over compensation next month.

The Landsbanki Guernsey Depositors Action Group (LGDAG) said it was acting "in the best interests of the health of Guernsey residents".

There have been no reported cases of the virus on the island.

Members of the LGDAG were to demonstrate after a Treasury Select Committee report last month said the UK government could not compensate losses in jurisdictions outside its direct control.

While savers with collapsed UK banks are entitled to up to £50,000 in government compensation, savers with non-UK banks, like Landsbanki Guernsey, are not.

So far Landsbanki Guernsey customers have received 30% of their savings back from the administrators Deloitte and Touche, and are actively campaigning for the return of the remaining 70%.