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Tag Archive | "debt"

Reykjavik debt arrears house auction delayed by protesters


Reykjavik police were this morning involved in a stand-off with protesters trying to stop a house being auctioned off due to mortgage arrears. Read the full story

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Icelandic bank crisis company declared bankrupt


The private company Exeter Holdings has been declared bankrupt. The company has been at the centre of a loans scandal. Read the full story

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ESA: Iceland is responsible for Icesave refund


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)

Swedish women matching men for debt


The Swedish Enforcement Authority has revealed that Swedish women are now defaulting on SMS loans at the same rate as men, for the first time ever. Read the full story

Posted in Business, General, MBL, Society, SwedenComments (0)

Iceland receives mixed news from credit ratings agencies


Standard & Poor’s has followed Fitch Ratings in delivering positive news on Iceland’s creditworthiness. However, both companies have stopped short of upgrading the country’s ratings. Read the full story

Posted in Business, General, Iceland, MBLComments (70)

Independence Party uses Reykjavik HQ for loan collateral


Iceland’s opposition Independence Party reportedly mortgaged its headquarters last month for a ISK 125 million (USD 1.07 million) payout from Islandsbanki. Read the full story

Posted in Business, General, Iceland, MBL, PoliticsComments (3)

Icelandic government outlines household debt relief plans


The Icelandic government today signed a declaration of intent with the country’s pension funds and loan providers aimed at tackling the problems of indebted householders. Read the full story

Posted in Business, General, Iceland, Lifestyle, MBL, Politics, SocietyComments (14)

Icesave debt could be more manageable than previously feared


It is now believed that 93 percent of Icesave and other priority foreign claimants can be covered by the assets of Old Landsbanki. Read the full story

Posted in Business, General, Holland, Iceland, International, MBL, Society, United KingdomComments (1)

Man goes berserk at Icelandic debt conselling office


A young man threw a violent tantrum yesterday at the office of Iceland’s debt management ombudsman in Reykjavik. The man broke a partition, a computer and a window in his rage during a meeting with a debt counsellor. Read the full story

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IMF: Iceland is already doing enough to help endebted householders


The chief representative of the IMF in Iceland yesterday said that current protection measures for indebted householders are sufficient and that people now need to concentrate on using them to their full advantage. Read the full story

Posted in General, Iceland, MBL, Politics, SocietyComments (4)

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