Around three-quarters of the savers who put their money into the offshore arm of Icelandic banks are to get their cash back.

Some 10,000 savers with Kaupthing Singer & Friedlander Isle of Man (KSFIOM) have been told that the bank has been granted a Scheme of Arrangement by the Isle of Man court, saving it from liquidation. . .

. . . The Isle of Man government has agreed to contribute up to £180m towards compensating depositors.

However, the 2,003 savers with Landsbanki Guernsey, which went into administration on October 7, 2008, are not so lucky. So far, they have received a payment of 30p in the pound. Savers who had accounts with the UK arms of Landsbanki and Kaupthing were compensated in full. 15-Apr-09.

http://www.thisismoney.co.uk/saving-and-banking/article.html?in_article_id=482592&in_page_id=7