icon_arrow_down icon_arrow_left icon_arrow_left_large icon_arrow_right icon_arrow_right_large icon_arrow_up icon_back icon_bell icon_bullet_arrow icon_bullet_dot icon_call icon_close icon_close_large icon_compare icon_facebook icon_favourite icon_googleplus icon_grid_off icon_grid_on icon_information icon_instagram icon_login icon_menu icon_message icon_minus icon_pinterest icon_plus icon_quote_end icon_quote_start icon_radio_on icon_refresh icon_search icon_share icon_star icon_tick_on icon_twitter icon_video_play icon_youtube

Subscribe to our mailing list

Newsletter Preferences

Choose one or more newsletters
No, thanks

Kaupthing administrators block yacht sales

Sunday’s April 26th online edition of the Guardian carried the news that yachts worth up to £90 million could be left unfinished after administrators to the British arm of failed Icelandic bank Kaupthing ‘pulled the plug’ on further payments.

The private banking arm of Kaupthing Singer & Friedlander had lent more than £200 million to customers to buy yachts by the time administrators from Ernst & Young were appointed in October 2008.

Loading content...
Show all results for “%{term}