Kaupthing Singer & Friedlander savers to get compensation within weeks

Posted 20/07/2009 - 13:17 by anrigaut

0
Your rating: None
2009-07-15 23

Three-quarters of savers who lost money through the collapse of the offshore arm of an Icelandic bank will get back all of their money by September, it was announced today.

The Isle of Man parliament has approved a £193m government funding package which will speed up compensation payments to savers of Kaupthing Singer & Friedlander Isle of Man (KSFIOM) under the island's Depositors' Compensation Scheme.

continues ....