That's where they're headquartered. Also in 2008, the UK had an issue where 350k residents had deposits at Icesave, a savings account offered by Landsbanki in

That's where they're headquartered. Also in 2008, the UK had an issue where 350k residents had deposits at Icesave, a savings account offered by Landsbanki in Iceland, that went bust. The bank wasn't registered in the UK, and the government of Iceland refused to provide compensation for those that lost their deposits. They probably want to avoid a repeat of that. https://en.m.wikipedia.org/wiki/Icesave_dispute https://en.m.wikipedia.org/wiki/Icesave_dispute