Savers boosted by Icelandic bank liquidation hearing delay

British savers who stand to lose millions of pounds through the collapse of the offshore arm of an Icelandic bank received a boost today when a liquidation hearing was postponed.

Kaupthing Singer & Friedlander Isle of Man (KSFIOM), part of Iceland’s biggest bank Kaupthing, was due to be put into liquidation today, after being placed in provision liquidation on October 9.