dinsdag 14 oktober 2008

Kaupthingsavers in trouble! Or not?

Savers who have a deposit account at Kaupthing Bank Belgium can not withdraw money from their savings account due to a 'suspension of payment', issued at the beginning of october. Kaupthing, on the edge of bankruptcy, ensures its savers that anything is still possible to safe the bank ranging from a complete company takeover to a takeover of the clientele. The 'suspension of payment' remains standing untill a takeover is carried out, in this period no interests will be given. If the bank does go bankrupt then the savers can count on a Luxembourg protection fund that will compensate them with a maximum of 20000 euros, interests included.

Jens Ponnet

(Source:Testaankoop)

1 opmerking:

EcoEnglish zei

Savers who have a deposit account at Kaupthing Bank Belgium can not withdraw money from their savings account due to a 'suspension of payment', issued at the beginning of october [names of months start with a capital letter]. Kaupthing, on the edge of bankruptcy, ensures its savers that anything is still possible to safe [spelling: save] the bank ranging from a complete company takeover to a takeover of the clientele. The 'suspension of payment' remains standing [drop 'standing'] untill [spelling: until] a takeover is carried out, in this period no interests will be given. If the bank does go bankrupt then the savers can count on a Luxembourg protection fund that will compensate them with a maximum of 20000 [2,000] euros, interests included.

Flow OK but basic spelling errors.