Last updated: March 2009
Note added: KSFIOM was placed in liquidation in May 2009.

See also Banking Crisis Review Report

What's the issue?

On 9 October 2008, Kaupthing Singer & Friedlander Isle of Man (KSFIOM) was placed into provisional liquidation/administration due to the failure of its sister bank in London, Kaupthing Singer & Friedlander UK (KFSUK). Thousands of British citizens stand to lose their life savings if a solution is not found.