Iceland’s Arion Bank says it is preparing to turn to international credit markets with a bond issue within the next 12 months. Arion has never issued bonds before and is the state-created successor to Kaupþing, which went bankrupt in 2008. Read the full story

A group of key owners in Icelandic retail giant Hagar have made a deal with Arion Banki to keep a share of the business, despite its having been insolvent and taken over by the bank. Read the full story

Arion Bank, the state-created domestic successor to Iceland’s failed Kaupthing Bank, has reported good results for the first half of 2011. Read the full story

Iceland’s Arion Bank is in the process of voluntarily amending foreign-currency loans taken out with the bank by businesses and individuals before the financial crisis of 2008. Read the full story

Following this weekend’s two big Icelandic banking stories, further information and opinions have come forward, among others from Icelandic Prime Minister Johanna Sigurdardottir, who says that bank directors’ huge salaries are a direct provocation so soon after the banking crash. Read the full story

Arion Bank says it intends to split the 10-11 chain of convenience stores from the estate of Hagar and sell it off. It is not anticipated that other retail chains within the Hagar group will be sold separately. Former Hagar owners Jon Asgeir Johannesson and his father Johannes Jonsson will explicitly not be allowed to buy 10-11. Read the full story

Press release: A new Board of Directors of Arion Bank was elected yesterday at a shareholders’ meeting of the Bank. At a board meeting held after the shareholders’ meeting, Monica Caneman was elected Chairwoman of the Board of Directors. Read the full story

(PRESS RELEASE from the Kaupthing resolution committee:)

The Resolution Committee of Kaupthing Bank contributes up to ISK 66 billion in common equity Read the full story

Foreign creditors of Old Kaupthing Bank will take the lion’s share of Arion Bank (formerly New Kaupthing). RUV reports this will be officially announced by the bank some time today. Read the full story

The deadline expires today for Old Kaupthing Bank to decide whether it wants to take an 87 percent stake in Arion Bank (formerly New Kaupthing). If it decides to take Arion on, the Icelandic government would only be left as the majority shareholder in New Landsbanki. Read the full story