Updates on KSF UK Arm

  • bushmen
  • 10/10/08 31/05/09
  • unspecified
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Posted: Mon, 20/10/2008 - 10:48

A topic relating to updates on the KSF UK situation would be helpful in our cause as most of our money is tied up in the UK arm of the bank.

I therefore suggest that we only posting articles or news that potentially effect us all

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KSF UK Redundancies and further trading

  • bushmen
  • 10/10/08 31/05/09
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  • Mon, 20/10/2008 - 10:53

the last paragraphs are of interest..

Kaupthing Singer Friedlander, the UK arm of Icelandic bank Kaupthing, has made 74 redundancies after being placed into administration two weeks ago, but will continue to operate as a business and occupy its office space.

The spokeswoman said: ‘The space is still being occupied.’ She said it was too soon to tell what would happen to the various arms of the business.

In a statement, the joint administrators Maggie Mills, Tom Burton, Alan Bloom and Patrick Brazzil, said: ‘The Administrators will be seeking to find purchasers for, and will continue to manage, the remainder of KS&F’s business and loan book to maximise recovery for creditors, including the FSCS and the Treasury.’

http://www.propertyweek.com/story.asp?sectioncode=297&storycode=3125455&c=1