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
Posted on 07 September 2011.
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
Posted in Business, General, Iceland, MBL, SocietyComments (0)
Posted on 02 September 2011.
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
Posted in Business, General, Holland, Iceland, MBL, United KingdomComments (2)
Posted on 07 July 2011.
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
Posted in Business, General, Iceland, MBLComments (0)
Posted on 29 June 2011.
A Reykjavik court has concluded that three people charged by Iceland’s special prosecutor into the banking crash are innocent. The case related to a large loan to Exeter Holdings given under suspicious circumstances in 2008. Read the full story
Posted in Business, General, Iceland, MBLComments (1)
Posted on 16 June 2011.
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
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Posted on 10 June 2011.
The EFTA surveillance authority, the ESA, has ruled that the Icelandic authorities are required to pay out the minimum insurance amount on Icesave deposits in the UK and Netherlands. Read the full story
Posted in Business, General, Holland, Iceland, MBL, Politics, United KingdomComments (56)
Posted on 24 May 2011.
The case being brought by the resolution committee of Old Landsbanki against the bankrupt estate of Motormax ehf. will take place at the Supreme Court of Iceland on 6th June in front of seven judges. No case has been heard in front of as many judges since 2004. Read the full story
Posted in Business, General, Iceland, MBL, PoliticsComments (0)
Posted on 10 May 2011.
A former executive at Iceland’s now-defunct Kaupthing Bank has been ordered by a court to repay a ISK 640 million (EUR 3.9 million) which the bank granted him to buy Kaupthing shares. Read the full story
Posted in Business, General, Iceland, MBLComments (3)
Posted on 08 May 2011.
Kaupthing and Glitnir banks appear to have colluded to prop up each other’s share prices. Various pieces of evidence have emerged to back up this claim, investigators into the old Icelandic banks say. Read the full story
Posted in Business, General, Iceland, MBLComments (27)
Posted on 07 April 2011.
Reykjavik District Court has today passed sentence on the first case by the special prosecutor into the banking crash. Baldur Gudlaugsson has been sentenced to two years in prison for insider trading. Read the full story
Posted in Business, General, Iceland, MBL, SocietyComments (12)
