Depositors in the collapsed bank Kaupthing Singer and Friedlander in the Isle of Man are waiting to find out how much of their money they will get back, and when.

Several hundred anxious customers attended a packed public meeting at the Gaiety Theatre in Douglas yesterday afternoon, to hear what led to the bank becoming insolvent.

Many were angry that more hadn't been done to protect their investments, but with the bank's assets now frozen and a liquidator appointed, there were more questions than answers.

Mike Simpson from PricewaterhouseCoopers told Manx Radio he was examining three expressions of interest in a possible takeover:

"They have expressed an interest initially to the FSC and also I have had discussions with them today.

"They were very brief discussions because I have not been able to give them very much information, but I will be pursuing that and then, I expect, over the course of the next couple of days it will become clear just how serious that interest is."