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Tag Archive | "banking"

Iceland Special Prosecutor brings accounting crime charges against five more


It has been revealed that just before Christmas Iceland’s special prosecutor brought charges against five people accused of tax evasion in their work lives. Read the full story

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Money laundering at old Icelandic banks under investigation


Work on the case against bankrupt Glitnir Bank is going well, according to Iceland’s special prosecutor; who says that 134 people have been questioned in the last six days. Read the full story

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Icelandic bank looking towards first bond issue since collapse


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

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Bankrupt Icelandic bank pays Luxembourg debt


The estate of Iceland’s defunct Glitnir Bank has paid back all its debts to the Central Bank of Luxembourg, two years ahead of schedule. Read the full story

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Iceland court forces Kaupthing debt prince to pay back billions


Ingvar Vilhjalmsson, the former director of the market trade division at Iceland’s (now bankrupt) Kaupthing Bank, now needs to repay the bank’s estate around ISK 2.6 billion (EUR 16.36 million) in loans which had effectively been written off. Read the full story

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North Iceland shop claims bank is stealing its money


The owner of a north Iceland hardware store is bringing charges against Landsbanki bank for theft. Read the full story

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Two of six bank crash charges against former Iceland PM dropped by court


Two of the biggest charges against former Icelandic Prime Minister, Geir H. Haarde, were this week dropped. Haarde said the two charges were by far the most serious the Landsdomur high court was to judge him on and that he looks forward to proving his innocence on the others. Read the full story

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Iceland’s Arion Bank pleased with first half results


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

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Landsbanki predicts it can repay Icesave debt, and more


In accordance with previous estimations, it is still predicted that recoveries from the bankrupt estate of Iceland’s Landsbanki Islands hf. will cover UK and Dutch deposits in Icesave; with surplus. Read the full story

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Not-guilty corruption verdict appealed to Supreme Court of Iceland


Iceland’s state prosecutor has decided to appeal the recent Reykjavik District Court decision to acquit the three defendants in the suspicious loan case involving Exeter Holdings, Byr savings bank and MP Bank. Read the full story

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