Oxford University faces £30m (€38.41m) Icelandic bank losses

Oxford University could face losses of up to £30m (€38.41m) which is tied up in Icelandic bank accounts, a spokesman confirmed today.

Oxford University faces £30m (€38.41m) Icelandic bank losses

Oxford University could face losses of up to £30m (€38.41m) which is tied up in Icelandic bank accounts, a spokesman confirmed today.

The university has admitted 5% of its cash deposits are invested in three banks and has now called on the regulator of universities to help solve the crisis.

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