Here is burried your dosh...

[Bagpuss]

Kaupthing edge UK didn't go bust, the UK Goverment Seized it's UK operation and then handed it to ING.

From the Times..

Armann Thorvaldsson, the chief executive of KSF, told staff in an internal memo circulated yesterday that the board had no choice but to put the Icelandic bank's British business into administration. “I am personally gutted that it has come to this, especially in light of the fact that our problems have arisen out of association rather than any fundamental problems with the business,” Mr Thorvaldsson wrote.

[Viktor]

http://www.thisislondon.co.uk/standa....5m/article.do

THE boss of an Icelandic bank bought a home in west London for £10.5million just months before his bank collapsed, it was claimed today.

Kaupthing chairman Sigurder Einarsson was said to have paid over £2.5million above the market value for the four-bedroom house in a deal financed by his bank.
The revelation comes ahead of meetings between council representatives and ministers to see what help can be given to local authorities hit by the Icelandic banking crisis which has put the savings of thousands of Britons at risk.