Three-quarters of savers who lost money through the collapse of the offshore arm of an Icelandic bank will get all of their cash back now a Scheme of Arrangement has been approved.

An Isle of Man court has approved a Scheme of Arrangement for Kaupthing Singer & Friedlander Isle of Man (KSFIOM), saving the bank from liquidation. . . .

. . . It is estimated that 54% of depositors will get back all their money within three months under the scheme, while 76% will have received 100% within two years.  09-Apr-09.

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