Posted on 16 December 2011.
Foreign claimants on the estates of bankrupt Icelandic banks Kaupþing, Glitnir and Landsbanki will be paid recovered funds up to ISK 450 billion (EUR 2.82 billion) in Icelandic krónur in the next year or so, and they will not be able to convert into foreign currency. Read the full story
Posted in Business, Iceland, International, MBL, Politics, SocietyComments (2)
Posted on 28 October 2011.
The Supreme Court of Iceland today ruled in a case concerning the Emergency Act of October 6th 2008. The ruling entails that the law and associated acts stands undisputed. Read the full story
Posted in Business, General, Iceland, Icelandic PM´s office, International, MBL, PoliticsComments (2)
Posted on 16 August 2011.
The private company Exeter Holdings has been declared bankrupt. The company has been at the centre of a loans scandal. Read the full story
Posted in Business, General, Iceland, MBLComments (0)
Posted on 16 July 2011.
The ISFI (Icelandic State Financial Investments) has made a recommendation the a swathe of bank branches should close in the name of money saving. Read the full story
Posted in Business, General, Iceland, International, MBLComments (1)
Posted on 07 May 2011.
The Icelandic man who destroyed his house in protest at it being sold in a repossession auction in 2008 has now been charged with wilful damage to property. He has also been charged with deceiving two couples to give him money. Read the full story
Posted in General, Iceland, MBLComments (7)
Posted on 27 October 2010.
Iceland’s pension funds lost at least ISK 70 billion (USD 621.3 million) in the banking crisis. The Icelandic parliament investigating committee believes the funds had been hoping to stimulate growth and confidence with their investments at the time. Read the full story
Posted in Business, General, Iceland, MBL, Politics, SocietyComments (1)
Posted on 12 August 2010.
Karl Wernersson, the former owner of Milestone – an Icelandic investment company, has around ISK 1 billion (USD 8.42 million) in excess of debts – which is more than any other of Iceland’s 20 biggest bank debtors. Read the full story
Posted in Business, General, Iceland, MBLComments (1)
Posted on 03 August 2010.
The head of Iceland’s FME financial regulator says it is still too early to tell if the government will need to provide financial assistance to the banks following the Supreme Court ruling that foreign currency indexed loans are illegal. Read the full story
Posted in Business, General, Iceland, MBL, PoliticsComments (1)
Posted on 22 July 2010.
Seven out of every ten Icelandic respondents believes their government cares more about the profits of the banks than about households. Read the full story
Posted in General, Iceland, MBL, Politics, SocietyComments (2)
Posted on 14 June 2010.
The biggest single claimant on the estate of Glitnir Bank is Burlington Loan Management from Ireland. The company is also among the biggest claimants at Kaupthing and is seeking roughly ISK 220 billion (USD 1.7 billion). Read the full story
Posted in Business, General, Iceland, International, MBL, PoliticsComments (2)
Iceland central bank holds rates, predicts ongoing economic growth
Continued Malmö violence embarrasses police
Currency exchange privacy case thrown out of Icelandic court
Sauli Niinistö wins Finland presidential race
Iceland historic French village restoration finance secured
Murder in Hafnarfjörður
Workplace drug tests increase tenfold
Mythical Icelandic monster captured on film?
Explore Vatnajökull and Jökulsárlón in Iceland with Glacier Lagoon tour
Ocean turbine designer: “Iceland could up its energy production twentyfold”
