An update on Kaupthing.
Prompted by listener emails, on PM yesterday we covered the plight of savers in the . winding-up of the bank. We've just received a from the Isle of Man government it says,
"Following an application from the Treasury, the court agreed to adjourn consideration of a winding-up order until 29 January 2009 so that alternatives could be further explored."
So winding-up is put on hold, while attempts to salvage the bank continue. The press release also mentions that the Isle of Man government is aware of the like Katy Watt, who we featured on the programme, and is considering a "payment on account"
You can read the full . The website of the KSFIOM .
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