The story
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 the ING Group. The remainder of Kaupthing Singer and Friedlander's business was put into administration. 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 by the company.
From Wikipedia’s article on Kaupthing Singer & Friedlander, shared under CC BY-SA 4.0.3