COMPANIES When London Scottish Bank collapsed into administration on Monday, most attention focused on the bank’s struggling subprime lending business – but it also marked the end of yet another institution that had become known for knock-out savings rates.
The failure came only weeks after the demise of two divisions of failed Icelandic bank Landsbanki – Icesave and Heritable Bank – which had attracted hundreds of thousands of savers earlier this year with league-leading rates.
