http://news.bbc.co.uk/1/hi/business/7658417.stm
This article has some Good Darling quotes., inc
Their accounts, amounting to £538m, are being transferred to the control of the giant Dutch bank ING.
'Exceptional circumstances'
"The Icelandic government, believe it or not, have told me yesterday they have no intention of honouring their obligations here," said Mr Darling.
"Because this is a branch of a foreign bank the first call would be on the Icelandic compensation scheme which, as far as I can see, hasn't got any money in it.
"The British scheme would top that up to £50,000, but people over and above that would lose out," he added.
"But I have decided in these exceptional circumstances that we will stand behind those depositors so they get their money back."
Details of the government's plans will be announced in the Commons later on Wednesday.