Derby Evening Telegraph's front page story is about KSFIoM

  • sympatheticsister
  • 28/10/08 31/05/09
  • not a depositor
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Posted: Sat, 08/11/2008 - 21:39

Sorry I am not up to speed with the technology here, but hope this works!

Today's Derby Evening Telegraph's front page story is about KSFIoM highlighting a couple who have 'lost' £114k. The angle is basically 'were the Derbyshire to blame.' It's likely this story has come from this group as mentions Mary Creagh, Mark Todd MP who is a local MP, TSC etc and is quite well informed. The article has been posted on the News Forum already by someone in Italy I think.(Impressive as it only came through my door at 9.00am today and was already on the website!!)

Anyway what you don't know is a) it is the front page story and half of page 2. b) The Derbyshire is a high profile organisation here in Derby and has a positive story in the paper nearly every day (sponsors 10km run, does charity work etc etc) so their publicity people will be taking notice and be hopping mad on Monday morning when they get back to the office and c) the last line says - Has the Icelandic collapse affected you? Call Chris Mallett on Derby (01332) 291111 ext 6023. Elsewhere in the paper it says that his/her email is cmallett(?)derbytelegraph [dot] co [dot] uk Maybe this journalist will run with this story as locals like to get in on a national/international issue. Could get a lot of interest here as local paper always championing the underdog against big organisations and of course most of Derbyshires customers are probably in and around Derby so could really damage their reputation.

I realise that the London Group are co-ordinating media, but not sure if this extends to local papers, but would you like me to summarise this and post it as an action to get Derbyshire Building Society people to call/email this journalist. Clearly would need to stress the local connection, and business about not being able to get mainland bank accounts etc to knock that on the head before it starts getting negative.

The issue of the Derbyshire Transferees does seem to be hotting up. Not sure if we have a strategy for that or need to develop one, or if targeting my local paper could be part of a bigger picture. I have further local information but would prefer to email/talk to someone 1:1 if that is of help - sorry to be cryptic.

From Sympathetic Sister!

BTW - Not sure how I'll get an answer - but the kids are asleep and husband at a stag night so I am free to do stuff now if you can get back to me!!

:) Keep up the good work - this site is brilliant.

[ng: edit to correct phone number]

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Derbyshire bs

  • Anonymous
  • Offline
  • Sat, 15/11/2008 - 10:07

I want to write to the Derbyshire bl st building society (again). I want to use the CEO's name to make it more personal. What's 'is name?

Will folks from Derbyshire please write to the local papers. We are on a roll here.
[Even if you are not from Derbyshire, but could twist things to make it look like you might have been... you know what I mean, I know you do.]


Derbyshire BS

  • steve
  • 14/10/08 31/05/09
  • unspecified
  • Offline
  • Sat, 15/11/2008 - 11:19

CEO is Graham Picken, Derbyshire Building Society,Duffield Hall, Duffield, Derbyshire DE56 1AG. I would also write to Hector Sants (CEO) Financial Services Authority, 25 The North Colonnade, Canary Wharf, LONDON, E14 5HS. I would urge anyone who hasn't already done so to do likewise . Also, make yourself and your story known to the Derby Evening Telegraph.


Derbyshire Evening Telepgraph

  • grobbers
  • 11/10/08 31/05/09
  • a depositor
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  • Tue, 11/11/2008 - 17:46

Hi Comrades in Arms,

Have attached a copy of a message sent to the derbyshire Telepgraph.

Dear Mr Mallett,

I believe you are running a follow up story to your previous article. First of all may I take this opportunity of thanking you for a very constructive and helpful article, your interest is very much appreciated.

I am sure you have been inundated with many heart rending stories and normally I would not wish to add my troubles to the list. However, I believe you may be looking for a thread, common or otherwise, so therfore am sending you this email in the hope it may highlight the predicament of depositors with Kaupthing.

I am an ex regular soldier who after over 22 years service elected to remain in Germany. I wished to leave the door open for an eventual return to the UK and so attempted to open a UK Building Society account. This I was unable to do because I did not have a UK address.

As a result I deposited funds in the Derbyshire, Isle of Man. The results of this are by now, I imagine, all too familiar to you.

When I was arbitrarily informed by the Derbyshire they were selling and I could not remove my funds before the sale I advised Kaupthing that when the notice period was up I wished to withdraw all of my money. I ( as with many other depositors ) was personally contacted by telephone by the Head of Kaupthing Isle of Man. All sorts of reassurances were given. Including the now infamous parental guarantee of a supposedly reputable and solvent European bank with a credit rating better than that of the Derbyshire. Foolishly I allowed myself to be persuaded.

I have been in contact with the Derbyshire and of course have received their usual " sympathetic but not our fault" response. Bearing in mind there were indications that all was not well in the Icelandic Banking system from 2006 onwards it is somewhat difficult to understand how any Financial organisation like the Derbyshire overlooked this fact. Joe Blogg can be forgiven for missing it but not the so called " professionals". Incidentally, most of us were not even aware that our savings were with an Icelandic Bank. I for one was under the impression from literature received that I was dealing with a " Northern European Bank".

I believe the Derbyshire are rather crowing about how much they made on the sale of their Isle of Man Branch. Now I expect there will once again be a rubbing of hands when greedy incompetents receive large sums for the sale or merger with Nationwide.

I do not wish to descend into pathos but the actions of the UK Government giving a wink and a nod to the transfer of some 500+ million pounds from the solvent Isle of Man Branch of Kaupthing's and then pulling the plug on the UK part by freezing/seizing assets led directly to the collapse of the IOM Branch.

This in turn means that thousands of honest, hard working people stand to lose their life's savings. The compensation scheme is a joke in that there is nothing in the pot. Banks were contracted to supporting the scheme but no monies were in fact collected because the IOM authorities did not feel that this would have been good practice. The Derbyshire even profited from this in that they bailed out without having made contributions.

Darling and Co on the recent Treasury Select Committee meeting gave all appearances of washing their hand of the whole affair. Offshore etc , not our responsibility. They did not shirk misappropriating the 500+ million pounds of depositors money however.

I have a wife very seriously ill with cancer, I have not told her of this affair. However, the loss of our life's savings is something I could very well do without. I, along with many other depositors, are deeply disappointed (to put it mildly) that a Government can behave so badly towards people.

Any effort you are able to make to keep this subject in the public eye will be very much appreciated by us all and may I ( on behalf of all Kaupthing depositors) take this opportunity of thanking you so very much for all you are doing.

Regards.


Derby Evening Telegraph

  • Mike
  • 10/10/08 31/05/09
  • a depositor
  • Offline
  • Tue, 11/11/2008 - 16:36

Chrsi has just contacted me yet again for more info, plus photos this time. Hope its all worth it!!!


Derby Evening Telegraph

  • nivit
  • 19/10/08 31/05/09
  • a depositor
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  • Tue, 11/11/2008 - 16:50

Mike, Who knows but one think is sure in this life you gotta kiss a lotta frogs.


Derbyshire Evening Telegraph

  • nivit
  • 19/10/08 31/05/09
  • a depositor
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  • Tue, 11/11/2008 - 16:27

I've been told the paper is going to run another story and Chris Mallet is still looking for content, go for it, numbers matter!!
(01332) 291111 ext 6023.
cmallett(?)derbytelegraph [dot] co [dot] uk


Diver -thank you

  • Saddest
  • 23/10/08 31/05/09
  • a depositor
  • Offline
  • Mon, 10/11/2008 - 17:38

Thank you from us all.
You have been and are amazing!


DERBYSHIRE IOM

  • Tommycooper
  • 15/10/08 31/05/09
  • unspecified
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  • Mon, 10/11/2008 - 17:31

Thank you for your comments, i've posted an email off to them today along with a letter to Kaupthing and Derbyshire as i didnt know they had been taken over as i never received a letter!


ICESAVE BAILOUT : DAILY EXPRESS

  • expatps
  • 19/10/08 31/05/09
  • a depositor
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  • Sun, 09/11/2008 - 11:24

Has anyone else seen or commented on the small paragraph in the Daily Express, page 5, Friday November 7th?

It goes like this:

“ICESAVE BAILOUT

Savers who lost money in the collapse of the Iceland bank Icesave will have an £800million pot of compensation to tap into.
The money, to be transferred to the Financial Services Compensation Scheme, will pay savers who had deposits above the £50,000 limit.
The FSCS will begin making payouts next week and aims to have paid most savers back by the end of the month.”

So, if an Icelandic bank is bailed out, why not a bank on Isle of Man bank?


ACTION PLEASE for ex-Derbyshire transferees.

  • sympatheticsister
  • 28/10/08 31/05/09
  • not a depositor
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  • Sat, 08/11/2008 - 23:17

Today (Saturday 8th November) Derby Evening Telegraph's front page story is about KSFIoM highlighting a couple who have 'lost' £114k.

This is posted on the website under NEWS to see full article and see my earlier posting above.

Anyway what you don't know is it is the front page story and half of page 2 so could gather more momentum and get more publicity.

At the end the last line says - Has the Icelandic collapse affected you? Call Chris Mallett on Derby 00 44 (0) 1332 291111 ext 6023.(Note: This is the correct number - a digit was missing in my posting above) Elsewhere in the paper it says that his/her email is cmallett(?)derbytelegraph [dot] co [dot] uk

Please can you contact the paper by email/phone on Sunday 9th/Monday 10th with your stories - I do get this paper delivered so gently suggest that (like most local papers...) if you do mention any link to Derbyshire/Derby Rolls Royce/Railways etc infact any link you have to the area in terms of employment, family, friends etc then there be more inclined to take it up if/when they see an overseas address.

A local council also has money in KSFIoM so this story is likely to run here.

If anyone from the media group could add any other tips that would be great - sorry I haven't been able to correspond directly with any of you before posting this.

I'll keep you updated on what gets into the paper each day this week.


Derbyshire UK

  • Mike
  • 10/10/08 31/05/09
  • a depositor
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  • Mon, 10/11/2008 - 16:26

Also have emailed Chris, .

I previously worked at Rolls Royce Derby, BREL (British Rail Engineering Ltd) Derby and grew up only 8 miless from Derby, now living overseas and waiting to return to Derby if I ever get my money back Sadly was a Derbysire Buidling Soc. customer for 25 years with a potential loss of seven figure sum.

but no response from Chris :(


Attn Mike - re Derbyshire

  • caledonia
  • 14/10/08 30/09/09
  • a depositor
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  • Mon, 10/11/2008 - 16:40

Phone Chris - he was at his desk 20 mins ago .......Tel (0044) 1332 291111 ext 6023


Contacted Chris at Derby Evening Telegraph

  • Mike
  • 10/10/08 31/05/09
  • a depositor
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  • Mon, 10/11/2008 - 17:06

I've just contacted Chris who seemed interested in my story, as it should provide local interest. He mentioned he will put my story in tomorrows paper. Can any willing person keep an eye on the paper tomorrow?


Derby Evening Telegraph

  • steve
  • 14/10/08 31/05/09
  • unspecified
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  • Sat, 15/11/2008 - 11:51

Yes Mike, you are now well and truly a media star. Todays (Saturday 15th Nov) DET sees a large picture of you on the front page, and further pictures and a near full page spread on page 5. Reading the text though, there are still an awful lot of questions which need answers from the Derbyshire. I sincerely hope they are squirming over this coverage, and that the politicians give this a bit more umph. I have at long last got my own MP interested (pertinent because the DBS is in his constituency), so will keep hammering away.


Derby Evening Telegraph

  • steve
  • 14/10/08 31/05/09
  • unspecified
  • Offline
  • Tue, 11/11/2008 - 12:49

There is nothing in the early edition today (Tuesday 11th) Maybe tomorrow?


Derby Evening Telegraph

  • Mike
  • 10/10/08 31/05/09
  • a depositor
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  • Tue, 11/11/2008 - 12:58

Steve Thanks for the info.

However I was contacted again by Chris this morning who wanted some more personal info from me and also coipies of the Derbyshire Builing Soc buy out letters, which I have retained them all. Provided their news desk all the info they asked for, so I'm waiting to see what happens next. I'll try anything to help our cause.


Derby Evening Telegraph

  • steve
  • 14/10/08 31/05/09
  • unspecified
  • Offline
  • Mon, 10/11/2008 - 17:09

Yes I can get it, but it will be on their website anyway


No article in the Derby paper today (Wed 12th)

  • sympatheticsister
  • 28/10/08 31/05/09
  • not a depositor
  • Offline
  • Wed, 12/11/2008 - 19:39

But I'll check tomorrow,


Derby Evening Telegraph

  • steve
  • 14/10/08 31/05/09
  • unspecified
  • Offline
  • Thu, 13/11/2008 - 10:49

Nothing in todays(Thurs 13th) early edition - there are some dreadful violent crimes happening in Derby at the moment. Will keep looking- I am sure when the story does appear it will be worth the wait


Derby Telegraph Saturday Edition 15th Nov.

  • Colin M Phipps
  • 18/10/08 31/05/09
  • unspecified
  • Offline
  • Thu, 13/11/2008 - 17:18

Chris called a few minutes ago. he is hoping to release his follow up story this Saturday.


Derby Evg Telegraph

  • steve
  • 14/10/08 31/05/09
  • unspecified
  • Offline
  • Thu, 13/11/2008 - 17:22

Thanks for the info Colin. I will look out for it. I am hoping the story will have the desired effect!


Front Page News Again - Derby Evening Telegraph. (Sat 15th)

  • sympatheticsister
  • 28/10/08 31/05/09
  • not a depositor
  • Offline
  • Sat, 15/11/2008 - 08:49

We are front page news again - Chris Mallett has written his article. Mike you are famous! There is another depositor mentioned too, not sure of his 'login name' on the forum. Please see the link below:

http://www.thisisderbyshire.co.uk/news/Derbyshire-born-millionaire-dozen...

I have posted this in the news area as well.

Well done and thanks to everyone who has written to Chris - see my next message for follow up action.


Action Please for Ex-Derbyshire Depositors

  • sympatheticsister
  • 28/10/08 31/05/09
  • not a depositor
  • Offline
  • Sat, 15/11/2008 - 08:59

Please see my posting above re the front page article from the Derby Evening Telegraph. It is fantastic that we have got this coverage especially considering that there was a terrible and shocking incident in Derby with a teenage boy killed in a gun crime incident here this week, which of course rightly made the national news.

If you have time, please could you:

View the article on the website and if you could, post a comment. (Each day the paper prints a 'top stories viewed on the internet') Might strengthen the journalist's case to follow up again.

Perhaps those that were in contact before could email cmallett(?)derbytelegraph [dot] co [dot] uk again to thank him for his hard work and ask how he intends to follow up.

Also - anyone in the Media Group like to comment on whether we should offer to meet with Chris Mallett and to talk about the next steps in the campaign - particularly the Derbyshire Angle which of course has local interest. Happy to help here as local, but would need to be briefed!!

:)


Derbyshire Action

  • Yoda
  • 21/10/08 31/05/09
  • unspecified
  • Offline
  • Sun, 09/11/2008 - 11:03

Good plan - Ive emailed Chris - any port in a storm!


Derbyshire action

  • steve
  • 14/10/08 31/05/09
  • unspecified
  • Offline
  • Mon, 10/11/2008 - 14:38

I too have emailed Chris Mallett at the DET today (10th Nov) and he has rang me back. He tells me he has had 11 people contact him, but I get the impression he wants more local people, so if you do live within a 10 mile radius of Derby particularly if you live close to the DBS HQ in Duffield, he is interested in following this all up. Ring Chris now on 01332 291111 ext 6023 or email cmallett(?)derbytelegraph [dot] co [dot] uk. I say again, do it now while we have some mometum.


derbyshire action

  • edelweiss
  • 22/10/08 31/05/09
  • a depositor
  • Offline
  • Mon, 10/11/2008 - 17:45

I e-mailed Chris Mallett sunday.Got e-mail back todayfrom him,suggesting I phone him.
have done so.He will get back to me later for more of my back ground info.
suggest anyone with Derbyshire connections does the same.


Derbyshire Action NOW

  • caledonia
  • 14/10/08 30/09/09
  • a depositor
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  • Mon, 10/11/2008 - 16:01

I too emailed Chris Mallett this morning. I have just spoken to him (17.00 CET) and he is looking for as much info as possible to run another article. EMAIL/PHONE him asap.


sympatheticsister - thank you

  • sleeplessnight
  • 10/10/08 30/06/09
  • unspecified
  • Offline
  • Sun, 09/11/2008 - 00:54

Teapot and I will follow up your comment tomorrow - we do liasie with the D.E.T but would help us if we have any other stories in the region to refer to if anyone is out there willing to share?

I am in E. Midlands if you want to meet at any point.

thank you. x


How can we contact each other?

  • sympatheticsister
  • 28/10/08 31/05/09
  • not a depositor
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  • Tue, 11/11/2008 - 12:38

I would like to have a chat with you, Sleeplessnight if poss? Not sure how the email facility works - sorry.


Reply

  • Lucky Jim
  • 13/10/08 31/05/09
  • not a depositor
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  • Sat, 08/11/2008 - 23:47

Hi!
Hope you got my comment via the FAQ Messaging service!

Have you found the 'search' box facility helpful re: derbyshire building society
refeences in the Forum?


Derbyshire Corruption: a Former Sceptic Repents

  • VikingRaider
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Sat, 08/11/2008 - 23:06

The prevailing wind appears to have changed direction on the Derbyshire Offshore front and the stink is palpable, the DBS board having been caught bang to rights in the headlights of the Kaupthing debacle. Given that Nationwide is only merging with the Derybshire because of heavy arm-twisting from HMG (and NO windfall payouts for members) we should continue slinging the mud at DBS -- especially given the whopping bungs received by DBS directors from Nationwide. The stench of corruption is unavoidable.


Derbyshire Born

  • David Zydzienowski
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Sun, 09/11/2008 - 08:11

My wife and I are from Derbyshire, but now having worked in Dubai for nearly 12 years, for a Brisih company.
Before coming over to the UAE, I had a personal Derbyshire B/Soc account for over 30 years, although with not a great deal of money in the account.

We sold our property in Derbyshire & on getting advice about offshore accounts, whilst we were abroad, the Derbys. B/Soc. , Derby, informed us that we were not able to have an UK account as we did not have a UK address and so we opened a Derbys. Offshore account (IOM). We opened a joint Offshore IOM account.

This account was automatically transferred last year to the KSF IOM accounts.

5 years ago we bought an apartment in Duffield, Derbyshire, and the mortgage was arranged by the Derbys.B/Soc. Duffield. This mortgage is still active, although paid into the UK branch.
Not only does the apartment overlook the Derbys.B/Soc. HQ in Duffield, they are the own the land on which the block of apartments are situated.
Once we had bought the property at no time were we informed that we could re-open a UK account.
Two years ago we also had a meeting with the then Chairman & Director of the Derbys. Offshore, when they visited Dubai, and gave us assurances how well the Offshore business was doing.

We have recently been informed that the Derbys. B/Soc. are merging with the Nationwide with very few details as to why.
Who do we write to to get better explanations to these matters ?


Derbyshire BS: The Plot Thickens on Mortgages!

  • VikingRaider
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Sun, 09/11/2008 - 16:59

Interesting tale, David. I'm not a whizz at these things, but if you check the information booklet sent prior to the transfer of Derbyshire Offshore to KSFIoM, it says pointedly that Derbyshire Offshore (and KSFIoM) are regulated by the FSA (UK) NOT the FSC (IoM). It might be worth digging into this for a possible appeal to the Financial Ombudsman Service (UK). As for the shenaningans at Derbyshire BS, a relatively small loss on its property.

According to ThisIsMoney 28/8/08;http://www.thisismoney.co.uk/news/article.html?in_article_id=452859&in_page_id=2

Senior bosses of Derbyshire Building Society, responsible for pushing the mutual into an eleventh hour rescue by Nationwide, are to receive pay-offs totalling £1m, according to documents sent to customers.

Many of the society's 485,000 members believe the directors are being rewarded for failure. Customers will not be receiving any windfalls.
Earlier this month Nationwide announced it was taking over Cheshire and Derbyshire building societies.

Derbyshire lost £17m in the first half of 2008 and had expected to make bigger losses if Nationwide had not come to the rescue.

Four of Derbyshire's executive directors will receive pay-offs ranging from £153,292 for chief executive Graham Picken to £322,312 for finance director Tom Wood.

Picken, a former nonexecutive director of the society, took over as Derbyshire boss only last

February in the wake of former chief executive Peter Richardson 'retiring' after the society wrote off £10.6m as a result of a failed computer system replacement plan. The write-off caused Derbyshire's 2007 profits to plunge 59%.

One society member, who wished to remain anonymous, said: 'The society's financial health hasn't stopped executives from enjoying rich pickings. Fourteen months ago finance director Geoffrey Windebank suddenly departed, taking with him compensation in excess of £300,000.

'Now the society is losing its independence and the departing executives are yet again the only winners.'

Details of the pay-offs to Cheshire's executive directors, including boss Karen McCormick, are set to be revealed next month.

Have a look at the Message Boards aection http://boards.thisismoney.co.uk/tim/search.jsp?search=true&q=Derbyshire too; TheMoneyBag http://www.themoneybag.com/vb/forumdisplay.php?f=8 is also well worth monitoring foe news


Derbyshire Mortgages-FSA (UK) Clarification

  • VikingRaider
  • 10/10/08 31/05/09
  • unspecified
  • Offline
  • Mon, 10/11/2008 - 16:18

Just to clarify, the FSA (UK) regulated mortgages only, savings were regulated by the FSC (IoM)


Derbyshire and Kaupthing

  • peter and louise
  • 18/10/08 01/09/09
  • a depositor
  • Offline
  • Sun, 09/11/2008 - 17:33

Viking Raider, we have written to Derbyshire, twice, regarding their responsibilities for the mess we are in. They have responded, in classic style, trying to fob us off with plattitudes; clearly something is amiss from the manner in which they are dealing with our enquiries. You are spot on with your observations; they should be pursued, we are. They are at fault here. Best wishes, Peter and Louise.


Derbyshire and Kaupthing

  • steve
  • 14/10/08 31/05/09
  • unspecified
  • Offline
  • Sun, 09/11/2008 - 20:06

I too have written two letters to the CEO Derbyshire Building Society. The first reply is on this site somewhere, the second one isn't worth copying you in on (neither was the first come to that) but the tone seemed one of desperation, probably because of all the flak he is getting from us lot and the fact that it is now front page news in their local paper, the Derby Evening Telegraph. We must keep the pressure on, especially with the proposed Nationwide merger next month


Derbyshire

  • steve
  • 14/10/08 31/05/09
  • unspecified
  • Offline
  • Mon, 10/11/2008 - 15:20

...and another thing. Don't look upon the ex Derbyshire customers as a sideshow. The Derby Evening Telegraph have really got hold of the story now, and if by some miracle we can force the Derbyshire BS to play ball, it will ease the pressure on everyone else, so, I keep saying, keep piling it on!!!!