Welsh Unis lose money to Iceland banks
Aberystwyth University has confirmed that it had £4 million tied up in the Icelandic banking collapse. The university is one of three Welsh higher education institutions with a combined £8.1 million exposed to the crisis – these included Glyndwr Uni, Britain’s newest. A spokeswoman for the University of Wales said it deposited a “small amount” for 12 months in February. Along with investments by councils and police authorities, £78 million of Welsh public money is stuck in frozen accounts. The Uni has come forward to reassure students that situation will not affect the operation of the university in any way. Student loan anyone?!
Tags: Aberystwyth University, Glyndwr Uni, Iceland banking collapse, Unversity of Wales
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Leave a comment