The Sterling collapse - 1 year later.
Ppruners:
It is now one year since the company went bust. The damage is being accounted as:
1200 employess at NB lost their jobs, a few hundreds in their suppliers companies that
also went belly-up after Sterling. Creditors lost USD 100 million + and some thousands
of consumers/pax lost their ticket value. Of course the investors lost a whole bunch
also. All in all the damage was huge and those who lost their jobs and savings have all
my sympathy.
The deals between FLGroup and Fons Investments are being scrutinized by the new
Icelandic Special Prosecutor. Too many dubious aspects in those deals.