View source for Kaupthing Singer & Friedlander

{{short description|Former financial services provider and merchant bank}}
{{Use dmy dates|date=April 2022}}
{{Update|inaccurate=yes|date=November 2010}}
'''Kaupthing Singer & Friedlander''' was a financial services provider offering corporate and [[investment banking]] services to small and medium-sized companies, as well as [[wealth management]] services for [[high-net-worth individual]]s. Primary areas of activity were treasury, investment management, capital markets services, asset finance, and [[private banking]]. The company was created in August 2006 by the merger of Singer & Friedlander Plc and Icelandic [[Kaupthing Bank]].  The UK government put the company into administration in October 2008<ref name="admin">{{cite web |url=http://www.kaupthingsingers.co.uk/ |title=KAUPTHING SINGER & FRIEDLANDER LIMITED ENTERED ADMINISTRATION ON 8 OCTOBER 2008  |archiveurl=https://web.archive.org/web/20170626052004/http://www.kaupthingsingers.co.uk/ |archivedate=26 June 2017 |accessdate=28 July 2017}}</ref> in response to the failure of its parent as a result of the [[financial crisis of 2007–08]].
==Singer & Friedlander==
Singer & Friedlander Plc was originally a [[City of London]] based [[merchant bank]].  It was founded in 1907 by Julius Singer and Ernst Friedlander. [[George Soros]] worked as a clerk and later moved to the arbitrage department of the company in the 1950s. In August 2005 it was acquired by Kaupthing Holdings UK Limited, a subsidiary of [[Kaupthing Bank]], the largest bank in [[Iceland]].
In August 2006 Singer & Friedlander moved its headquarters from the City of London to One Hanover Street, London, W1S 1AX in the [[Mayfair]] area in the [[City of Westminster]] in London. At the same time Kaupthing Bank's subsidiary in the UK, Kaupthing Limited, relocated to the same building and the entities merged to form Kaupthing Singer & Friedlander.
==Financial crisis of 2007–2008==
{{main|Financial crisis of 2007–2008}}
On 8 October 2008 the UK Treasury used the [[Banking (Special Provisions) Act 2008]] to transfer Kaupthing Singer and Friedlander’s Kaupthing Edge deposit business to [[ING Direct]], a wholly owned subsidiary of [[ING Group]], the remainder of Kaupthing Singer and Friedlander's business was put into administration.<ref>{{cite web |url=http://www.hm-treasury.gov.uk/press_102_08.htm |title=Kaupthing Singer & Friedlander - HM Treasury |accessdate=2008-12-19 |url-status=dead |archiveurl=https://web.archive.org/web/20081211183449/http://www.hm-treasury.gov.uk/press_102_08.htm |archivedate=2008-12-11 }}</ref>  There is an ongoing dispute regarding ING's refusal to accept the terms of fixed rate deposits advertised on the Kaupthing Edge website after its acquisition of the company.{{cn|date=August 2022}}
== References ==
{{Reflist}}
==External links==
*[http://www.kaupthingsingers.co.uk/ Kaupthing Singer & Friedlander's website] {{Webarchive|url=https://web.archive.org/web/20170626052004/http://www.kaupthingsingers.co.uk/ |date=26 June 2017 }}
*[http://www.kaupthing.com/ Kaupthing Bank]
*[https://web.archive.org/web/20030605131622/http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2002/09/13/cnwed113.xml The Daily Telegraph]
*http://www.ingsavers.co.uk/
*http://www.independent.co.uk/news/business/sharewatch/market-report-kaupthings-positions-keep-traders-busy-955513.html
{{2008 economic crisis}}
{{DEFAULTSORT:Kaupthing Singer and Friedlander}}
[[Category:Financial services companies established in 1906]]
[[Category:Defunct banks of the United Kingdom]]
[[Category:Financial services companies based in the City of London]]
[[Category:Defunct companies based in London]]
[[Category:1906 establishments in England]]