Was yours a Derbyshire account until Kaupthing took over?

Indicate Yes or No.
Background and objectives: 

I feel that it should be emphasized that we were in a British bank - no different from the branches of Bradford and Bingley, Northern Rock, Nationwide, Britannia, Skipton etc, some of which were saved by the UK government - until the untimely take-over by Kauphthing.

64% (250 votes)
36% (142 votes)
Total votes: 392
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Singer & Friedlander

Singer & Friedlander here.

Opened the accounts early 2002, at the time I also had an account with Llyods TSB in the UK which was an account that I used when I had a company back there and my mother, who was co-director of the company, was also a joint signatury on the account. I wanted to change it to an internet account so that I could take the burden off my mother of being responsible for making international transfers from it to my Thailand bank and since it was post 9/11 I was told that I could not open a new account since I did not have a UK address, I had been banking with TSB / Lloyds TSB for 32 years at the time.

S&F at the time were a very stable A1 bank and seemed like the best option and it was a lot of paperwork just to be able to open the account to comply with anti-money laundering and anti-terror laws.

I was never asked whether I agreed with the Kaupthing take over in 2005 and Tony Shearer's comments have certainly caught my attention.

Posted by Mekong on Tue, 03/02/2009 - 04:21
Yes, I was Derbyshire too and

Yes, I was Derbyshire too and was merely advised that my account had been transferred. I relied on Derbyshire's assurances and wasn't really aware that I was dealing with an Icelandic Bank as the name Singer & Friedlander was known to me as a British Bank. I assumed that the IOM government was looking after us as its bread and butter particularly as they are so sensitive about their reputation which as far as I am concerned has hit rock bottom.

Posted by flying pig on Mon, 02/02/2009 - 22:47
Agreed, we opened our account

Agreed, we opened our account with Singer & Friedlander back in 1994. Is there a need for yet another poll?

Posted by rapata on Mon, 02/02/2009 - 22:28
Diver,Perhaps the TSC would

Diver,Perhaps the TSC would be interested to know,that we had our State Pension Payments,paid directly into DBS,by the Department of Work and Pensions,which were transfered to Kaupthing S+F,when DBS sold out.We were NOT asked by anyone,for our agreement/approval of this,by DWP or DBS or Kaupthing,its usual practice,in fact maybe banking law,a signed form of Mandate,should have been issued by the DWP and KSF,not only for State Pension Payments,but for ALL account holders,on the transfer of ALL monies,from one banking entity to another.We held an account at DBS for 20+years,and trusted them,as a secure British B.S.the UK GOV definatly have a responsability in our frozen assets demise.

Posted by jamjar on Mon, 02/02/2009 - 21:55
I didn't create this poll it

I didn't create this poll it was carnel, presumably to get a handle on specifically what proportion of DAG members were Derbyshire depositors. I can see how a more generic "route to KSFIOM" poll might make sense, but probable need to let this one collect more data first. Reminder: All members can now create polls.

Posted by ng on Mon, 02/02/2009 - 19:48
I first opened accounts with

I first opened accounts with Singer & Friedlander in 1990.
I was very interested to discover just recently that S&F UK Chief executive Tony Shearer advised the FSA, prior to the subsequent Kaupthing takeover, that Kaupthing management were not "fit and proper people" to control a UK bank, The FSA chose to ignore his views and those of the S&F board.
This point was brought out in tonighrt's Ch4 News which I have just watched and it will be explored further during tomorrows TSC meeting.

Posted by mikeinfrance on Mon, 02/02/2009 - 19:30


The ex S&F depositors are all but invisible on this site.

IMHO they have a strong case and should be heard

Posted by coldlightofday on Mon, 02/02/2009 - 18:44
My wife and I opened our

My wife and I opened our account with Derbyshire back in 1999. We subsequently added our 2 daughters to the account to allow for continuity and protection of our monies should anything happen to us due to old age or accident. We knew the amount we had in the account was not fully covered by the DCS but felt very comfortable with Derbyshire because of their reputation.

When Derbyshire sold out to KSF we were initially concerned and considered moving our money out but like everyone else we received assurances of the KSF parental guarantee, etc., etc. As our daughters say, we were far too trusting. Fortunately, we should be okay if the £50,000 protection stands per depositor as in our case it will cover us up to £200,000 in the account (i.e. 4 depositors x £50,000 each). Nonetheless, I do hope something will emerge in the next couple of weeks to give hope for a full recovery for all depositors.

Posted by Anonymous on Mon, 02/02/2009 - 18:30
Ng, I am not sure what the

Ng, I am not sure what the aim of this poll is but surely you should be asking if the depositor was Derbyshire, Singer and Freidlander, or Kaupthing S+F if you want a more accurate picture of what "entity" we depositors first trusted with our money. I was Singer and Friedlander for the last 6-7 years. If you are looking for an accurate picture of where funds came from I suppose another option of "my funds were in KSFIOM via an insurance company" also needs to go in. There maybe other categories to be added...

Posted by kiwi38 on Mon, 02/02/2009 - 17:46
Yes it is true. When I opened

Yes it is true. When I opened my accounts it was at that time simply "Singer & Friedlander" and no Kaupting .
IT was mentioned that First City bank entered in IOM.

Posted by steelwood on Mon, 02/02/2009 - 17:10
Singer and Friedlander were

Singer and Friedlander were also British before the UK and IOM authorities agreed that our deposits could be taken over by the Icelanders despite warnings from the S+F Board members at the time that the sale to Kaupthing should not be approved!

Posted by kiwi38 on Mon, 02/02/2009 - 16:56
Thank you for posting this,

Thank you for posting this, ng , as I hadn't realised there was a Derbyshire group. I feel , that like me , many of the members of this group will also belong to the pensioner's group and that they are probably , in the main , those depositors with less than £50 K involved .

Nevertheless - we all want our funds returned to us .

Posted by Anonymous on Mon, 02/02/2009 - 16:51
I've added this poll into

I've added this poll into "all members" - it was previously visible to Derbyshire Group members only, which would almost certainly lead to very misleading results.

Posted by ng on Mon, 02/02/2009 - 16:33