Posted on 24 May 2011.
The board of VIS, one of Iceland’s biggest insurance companies, has granted Arnar Gunnarsson’s wish to be allowed to leave the post of company president. He will also leave his job as president of the Icelandic Life Assurance Company. Read the full story
Posted in Business, General, Iceland, MBLComments (0)
Posted on 31 January 2011.
It has emerged that before the Icelandic banking crash, the Keflavik Savings Bank (Sparisjodurinn i Keflavik) loaned related parties, owners and managers some 60 percent of the bank’s entire equity. Read the full story
Posted in Business, General, Iceland, MBL, SocietyComments (3)
Posted on 20 October 2010.
Iceland’s FME financial regulator has has sent a case to the special prosecutor into the banking crash. The case revolves around the former managers of Landsbanki and their alleged misuse of the open market. Read the full story
Posted in Business, General, Iceland, MBLComments (4)
Posted on 25 September 2010.
Former director of Kaupthing Bank, Hreidar Mar Sigurdsson, has sent a letter to the Icelandic Prime Minister complaining about the Icelandic Financial Supervisory Authority. Read the full story
Posted in Business, General, Iceland, International, MBL, Politics, United KingdomComments (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 01 July 2010.
The Financial Supervisory Authority and the Central Bank of Iceland have decided to issue guidelines to financial institutions due to non-binding clauses linking loans to the exchange rate. They will then present these guidelines at a joint press conference. Read the full story
Posted in General, Iceland, MBL, Politics, SocietyComments (5)
Posted on 04 February 2010.
Eleven cases are expected to be sent from the Central Bank of Iceland to the FME national financial regulator under suspicion of breaking Iceland’s currency exchange rules. The Central Bank is currently looking into around 400 cases. Read the full story
Posted in Business, Iceland, International, MBLComments (7)
Posted on 28 October 2009.
Gylfi Magnusson, Icelandic Minister for Economic Affairs says it has yet to be decided whether the country’s financial regulator (FME) and the Central Bank of Iceland will be merged. Read the full story
Posted in Business, Finland, Iceland, MBL, PoliticsComments (5)
Posted on 31 March 2009.
New Kaupthing Bank threatened the SPRON resolution committee with legal action over the sale of SPRON assets, according to Morgunbladid sources.
New Kaupthing managers are unhappy with what they see as the pawning off of SPRON assets. MP Bank yesterday bought a large chunk of the SPRON branch network and the nb.is internet banking service for ISK 800 million (USD 6.5 million). Read the full story
Posted in Business, Iceland, MBLComments (4)
Posted on 30 March 2009.
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
Posted in Business, Iceland, 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”
