British savers who lost almost £1 billion in Kaupthing Singer & Friedlander (KSF), the Icelandic bank based on the Isle of Man, are expected to find out tomorrow how much they will get back.

They were earlier thrown an apparent lifeline that could return them 60% — but that all hinges on how much of the bank’s assets have been found. . .

. . . Those who invested in Guernsey accounts with Landsbanki, another Icelandic bank (which traded in the UK as Heritable and Icesave), received compensation from liquidators within weeks, but were given just 30p in the pound.

However, others have still received nothing. Last month, MPs recommended that the government should only compensate charities — not councils or individual depositors.  19-Apr-09.

http://www.timesonline.co.uk/tol/money/savings/article6120755.ece?token=null&offset=0&page=1