"The big question is what they will do with that cash, " said Kaupthing Bank analyst Christian Hellman.
FORBES: Magazine Article
Iceland got in financial difficulties after it took over its three biggest banks: Landsbanki, Kaupthing and Glitnir.
BBC: Credit crisis: World in turmoil
Councils and other creditors can claim money back from the UK operations of Heritable and Kaupthing which are in administration.
BBC: UK seeks return of Iceland cash
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