Sigurdur Einarsson, chairman of Kaupthing, believes his bank's UK customers became muddled up in the hysteria which followed the demise of rival savings operation Icesave, and rushed to withdraw money from all Icelandic banks.

The government of the troubled Nordic country stepped in to to nationalise Kaupthing on Thursday, only days after the collapse of the country's third-biggest bank, Glitnir, and the second-biggest, Landsbanki, owner of Icesave. "

People in the UK got Kaupthing Edge, which was a very strong bank, mixed up with the problems of Landsbanki's Icesave," Mr Einarsson said. "You could say that this is what meant we had to turn to the Icelandic government, that led to its takeover."


Jao debilov, kaj pa so mislili, ko je njihov premier razglasil da ne bodo garantirali obveznosti islandskih bank do tujih varcevalcev. Mixed up? Svasta. Obe sta bili islandski banki in premier je rekel, "every country is on its own". Sedaj so dobili finger...

Dobra lekcija, zakaj obstajajo garancije bancnih vlog - ne, ne obstajajo zaradi sociale, ampak zato, da se ne zgodi "run on the bank".