Press release: The Supreme Court of Iceland has today pronounced its verdict in Case No. 471/2010, that interest should be calculated on unlawfully foreign-denominated automobile loans in accordance with the interest rates published by the Central Bank of Iceland. The Government is determined to ensure fairness, resolve issues and improve the situation of debtors. Read the full story

In an Interview at local TV station Stod 2 (Channel 2) tonight Graham Brady (MP) said that the British Prime Minster mislead the British Parliament when he said that the British Government was in talks with the IMF with regard to the Icelandic financial crisis and that the British depositors could get paid through the IMF loan to Iceland.

Gordon Brown reacted with this answer when Mr. Brady demanded compensation for the Christie Charity at a Parliamentary question time.

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Iceland’s Financial Supervisory Authority (FME) took the decision on Thursday to remove the board of Sparisjodabanki (formerly IceBank), which was put under Central Bank control by the FME nearly two weeks ago. Read the full story

PRESS RELEASE FROM THE CENTRAL BANK OF ICELAND:

Financial Supervisory Authority (FME) intervenes in operations of SPRON and Sparisjódabankinn. Government to support remaining savings banks. Read the full story

Bjorgvin Sigurdsson, the Icelandic Minister of Commerce has stepped down. The minister has decided to take responsibility for his part of the economic and political turmoil now enveloping Iceland, his last act as a minister was to fire the head of the Icelandic financial supervisory authority. Read the full story