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Old 08-10-2008, 09:45   #21
farmroad38
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I've just logged into Kaupthing with no problems at all. It's no wonder the markets are in turmoil with everyone panicking so much!
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Old 08-10-2008, 09:45   #22
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I can type all my stuff in, but when I click through the final bit it goes back to the first page


EDIT: works now

Last edited by Coolio; 08-10-2008 at 09:47.
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Old 08-10-2008, 09:46   #23
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Was on Sky
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Old 08-10-2008, 09:50   #24
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Quote:
Originally Posted by Coolio View Post
Was on Sky
I suspect they may be talking ********, as no one else is reporting it.
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Old 08-10-2008, 09:51   #25
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http://www.teletext.co.uk/news/natio...+deposits.aspx
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Old 08-10-2008, 10:01   #26
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Quote:
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Fair enough, and it's been mentioned on the FT site too. That just doesn't make any sense though does it - deposits are the valuable part of the business, why on earth would you dump them?

Bit of a bugger - ING are *****...
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Old 08-10-2008, 10:04   #27
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I know, been trying to close my savings account with them for a while

I hope KE become more stable (less likely to fold and end up claiming through FSCS) as their customer service is amazing.
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Old 08-10-2008, 10:08   #28
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It appears that ING aren't signed up to the FSCS either, as the Ing Direct website wurbles on about the Dutch compensation scheme. If I signed up to KE safe in the knowledge that my savings would be safe, seems a bit dodgy that they could then pass my dosh over to somewhere less secure.

Anyway, until either KE or ING make a statement, I guess it's just rumour.
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Old 08-10-2008, 10:17   #29
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I just tried to call ING to finally close my account and get the £4 transferred out, waiting time is 20mins, I gave up
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Old 08-10-2008, 13:07   #30
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I pulled all my money out of KE last night just to be safe as I will need access to is in a month or so. And now that my money is frozen in Icesave my house purchase is on hold! Can't say it's a good day.
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Old 08-10-2008, 14:56   #31
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According to FT Alphaville, the UK subsidiary of Kaupthing have been put into receivership by the FSA, which is why the deposits have been sold off to ING.

Looks like depositors will be okay, but Kaupthing also had their fingers in various other pies - they were handling deals in Sainsburys which have now collapsed, and had also loaned JJB Sports £20m - JJB shares have fallen dramatically and it looks like they could be in serious trouble.

Oops.

Last edited by farmroad38; 08-10-2008 at 14:57.
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Old 08-10-2008, 15:17   #32
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Hmm, so there's only £1 that's real - it's just been loaned out umpteen billion times?

STOP PRESS! I've checked my pockets and I have the real pound! The economy is safe

Just trying a little humour to lighten the ****** day some people are having

Last edited by Uncle Nick; 08-10-2008 at 15:18.
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Old 08-10-2008, 16:21   #33
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That pound needs to be spent and passed around to everyone so in fact by holding onto the pound all this is actually your fault. Spend it now or we're all doooommed!!!
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Old 08-10-2008, 16:54   #34
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Nice replies

At the end of it all money is just a number on a screen or a bit of paper.
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Old 08-10-2008, 17:17   #35
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Can someone just confirm that my 8k will be safe in my KE savings account. I don't want to withdraw it, if it's definitely covered?
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Old 08-10-2008, 17:22   #36
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I instructed KE to transfer out what little savings I had there yesterday afternoon. I will just have a to wait a few days to see if it happened.. or if it is all frozen.

Fun times.
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Old 09-10-2008, 10:55   #37
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The Icelandic government have now taken control of Kaupthing:

http://newsvote.bbc.co.uk/1/hi/business/7660511.stm

The Kaupthing Edge website has now been updated to say they have been taken over by ING. Bit of a git - I've still got 6 months of my fixed term deposit to run, so I hope they don't muck me about.
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Old 10-10-2008, 08:27   #38
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According to the Motley Fool, all those that attempted to withdraw money from Kaupthing in the last few days should get their money back. It may appear in the destination account or maybe back in your Kaupthing account.

Unfortunatately I can't logon to Kaupthing without agreeing to a 21 page agreement I don't currently have time to read. For some reason I don't trust them enough to just agree without reading.

Last edited by SFletch; 10-10-2008 at 08:28. Reason: can't spell
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Old 10-10-2008, 08:39   #39
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Yes, payments supposedly starting to come thru today. Once the backlog is cleared I will transfer out the rest that was stuck in term deposits.
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Old 10-10-2008, 09:13   #40
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lol I now feel sort of semi justified in withdrawing all my cash from them a few days ago "just in case"....

Anyone know of a decentish high interest account with a fairly safe bank where I can feel a bit secure?
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