International Banking
On 9 October 2008 the Isle of Man Court made an Provisional Liquidation Order in relation to Kaupthing Singer and Friedlander (Isle of Man) Limited ("KS&FIOM"). Michael Simpson of PricewaterhouseCoopers was appointed as Liquidator Provisonally of KS&FIOM.
On 8 October 2008, The Isle of Man Financial Supervision Commission suspended KS&FIOM's banking licence, accordingly KS&FIOM has ceased to trade as a bank. The provisional liquidation is necessary because of KS&FIOM’s financial position and to ensure that the best interests of customers and creditors are served.
Further updates on KS&FIOM please visit www.kaupthingsingers.co.im