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[1] in response to the failure of its parent as a result of the financial crisis of 2007–08.
Singer & Friedlander Plc was originally a City of London based merchant bank.
[2] 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.