A highly charged meeting has been held in Douglas of staff and depositors with the failed Icelandic bank Kaupthing Singer and Friedlander.

Provisional liquidator Mike Simpson, of PriceWaterhouse Coopers, told investors he would do everything he could to recover as many of the bank's assets as possible.

But tonight, customers still don't know how much of their money they will get back.

Nor have they been told whether they will be claiming compensation under the old depositor protection scheme - guaranteeing up to ?15,000 - or the new one, passed by Tynwald today, which pays out more than three times as much.

Today's meeting heard from many anxious depositors, who now face an uncertain future.

This man sensed trouble when - on Wednesday - he was told by a member of Kaupthing's staff he could deposit funds, but couldn't withdraw any.

He told Manx Radio some staff appeared to know the bank was facing a crisis (audio file attached):

(Picture: The Gaiety Theatre in Douglas, where today's public meeting was held).