Mainstream media news articles about Kaupthing Edge transaction backlog

dag_2

Reassuringly, I've noticed that news articles are now starting to appear about the Kaupthing Edge transaction backlog. Here's the first one:

http://www.citywire.co.uk/Adviser/-/news/adviser-news/content.aspx?ID=317137

The long and short of it is that ING know that there's a transaction processing backlog - and they're working on it. The first savers should start getting their hands on their cash on Friday.

Let's see whether or not this actually happens!

Given the fact that APACS said there was a temporary freeze, which has now been lifted, I imagine that some of the transactions will bounce back - but that others will go through, albeit a bit slower than you might have hoped for. I imagine that this could apply to both BACS and CHAPS transactions. (Let's hope that the banks that we hold our linking account with haven't themselves gone bust while we're waiting! )

Please post any other news articles you see, and any comments you have about them, thanks.

jemimapd_2

I made a chaps transfer on Monday and although the money has gone from my account it hasn't arrived in my receiving account. Afer spending an hour trying to get through to an operative this morning I was told that it would arrive today, Thursday - it hasn't of course. I also said I expected a refund of the £20 chaps fee and was told I would get this and it would show on my account in a few days. I am very sceptical. In a way I wish I had left the money there - at least I knew where it was!

dag_2

I'm amazed that this issue still only seems to be on the fringes of the media radar.

A Google News search for kaupthing-edge chaps throws up five matches (one of which, from the Daily Mail, clearly doesn't touch on this issue), and a Google News search for kaupthing-edge backlog throws up two matches.

At the moment, it seems that only three news outlets are reporting on this issue. They are CityWire.co.uk, This Is Money, and Motley Fool UK.

I'm astonished that the mainstream media industry doesn't seem to be able to spare any more column inches on this one. It's as though they think that the fact that the KE internet deposits have been moved to ING, and that the rest of the UK operations placed into administration, means that the whole thing is now done and dusted.

Then again - I suppose there is a lot going on at the moment.