Statement from Sigurdur Einarsson, Executive Chairman of Kaupthing Bank: "When the board of directors reviewed the position of the bank at a meeting on 25 and 26 September, the bank was performing well and it appeared that the third quarter results would be good. Deposits had increased by an average of almost ISK 4 billion a day for the previous six months. The bank's liquidity position was therefore strong and there were plans to start buying back bonds issued by the bank. The liquidity positio of Kaupthing Singer & Friedlander, the bank's UK subsidiary, was also good – probably the best o |