KSF collapse: consultants' bill reaches £530,000

Someone is making money out of our misery

FEES earned by consultants working on a Kaupthing Singer and Friedlander (IoM) bank rescue plan total more than £530,000 to date, the House of Keys was told on Tuesday.
Alix Partners has been appointed by Treasury to draw up a scheme of arrangement as an alternative to the liquidation of the collapsed bank, a move that aims to provide a schedule of guaranteed payments to depositors ensuring that 71 per cent get paid
back in full within two years