These are the stories of real people who face financial ruin, or at best considerable hardship, as a result of the collapse of Kaupthing, Singer and Friedlander (IoM). These people deposited money with a reputable and highly rated bank for safe keeping and to earn interest. They are not stock market investors who know they can lose when they invest but prudent savers. Most (86%) are British citizens and most (77%) are over 45. 64% of depositors have more than £50,000 at risk. Some of the stories are harrowing; some demonstrate the British "stiff upper lip". Many are understandably angry. Please read them. We welcome your support.
Not quite as tragic as the poor young widow story, but still a heart-breaker.
My Dad died last year in London. I live in Australia.
He left me a legacy in his will to help me pay off morgage debts and get something started for his grandchildren (I have two kids).
Since his legacy was in sterling I left it in my KSFIoM acount awaiting a better exchange rate versus the Aussie $ before bringing it over.
The moment to make the transfer was last week on about 8th October.
I've had the account with Derbyshire for many years and have always thought their service excellent.
So what now? Still mortaged up to the hilt. Nothing for the grandchildren and my poor old Dad's legacy down the pan.