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

According to RUV.is sources, the transfer of all customer funds from SPRON to New Kaupthing has now been completed. All assets are fully insured according to law.

SPRON debit and credit cards will continue to work and SPRON customers will have continued access to their online banking services for the next few days until their access to Kaupthing internet banking has been set up. Read the full story

The Icelandic Financial Services Authority (FME) today announced it has taken over the savings banks SPRON and Sparisjodabankinn after they requested state help earlier in the week. Read the full story