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A comment on Vauld suspends all withdrawals, trading and deposits on the platform. Parent comment

Re:Vauld suspends all withdrawals, trading and deposits on t... by pjc50 on Monday July 04, 2022 @08:01AM (#31976096)
There was a little bit of this in the pre-2008 era. Not with retail deposit accounts, but various UK local authorities got caught in the Icelandic bank collapse: https://www.localgov.co.uk/Councils-recoup-1bn-lost-to-Icela...

https://www.ipe.com/local-authorities-hold-over-1bn-in-icela...

(why would a UK council keep its money in an Icelandic bank? Higher interest rates. Where did the higher interest rates come from? Higher risk.)

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