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Kaupthing statement expected tomorrow

by isleofman.com 9th October 2008
The wait goes on for customers of Kaupthing Singer & Friedlander Isle of Man.

This afternoon's board meeting continued into the evening, following news the United Kingdom arm of the Icelandic group has been placed into administration.

Concerned customers are trying to find out what is happening to their money, but a statement is not expected until tomorrow.

Kaupthing Singer & Friedlander (Isle of Man) Limited is not formally part of the UK sub-group but has a significant business relationship with Kaupthing in the UK.

A number of Isle of Man customers queued up outside the Douglas office today in an attempt to get information.

KSF Isle of Man also put up a message on its website, apologising for difficulties experienced by people trying to get through on phone lines.
Posted by isleofman.com
Thursday 9th, October 2008 08:12pm.

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