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Tag Archive | "Glitnir"

Glitnir given extra time in New York lawsuit against former owners


A New York court has granted the Glitnir Bank resolution committee an extension until the 10th September to provide evidence against the motion for dismissal of their case put forward by defendants. Read the full story

Posted in Business, General, Iceland, MBL, United StatesComments (0)

HS Orka sale still raising questions in Iceland


Asgeir Margeirsson, CEO of Magma Energy Iceland, says he does not see what difference it makes which particular foreigners own the HS Orka geothermal company; but says it will fall into foreign hands either way. Read the full story

Posted in Business, Canada, Energy, General, Iceland, MBL, PoliticsComments (2)

Jon Asgeir prepares to sue over Iceland Foods money allegations


In the asset freezing case brought by Glitnir Bank against Jon Asgeir Johannesson, it was not known who had GBP 202 million in British bank accounts connected to Johannesson’s UK business. He now intends to bring charges against the head of Glitnir’s resolution committee for saying that he had the money himself. Read the full story

Posted in Business, General, Iceland, MBL, United KingdomComments (0)

Malcolm Walker: Iceland Foods had money, not Jon Asgeir


IceNews has received copies of bank statements from six banks which appear to prove that GBP 202 million which Glitnir Bank believes was in the possession of Jon Asgeir Johannesson, was actually always the property of Iceland Foods in the UK. Read the full story

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Jon Asgeir pays cash to Glitnir estate


Icelandic businessman Jon Asgeir Johannesson has paid the banrupt estate of Glitnir Bank USD 15 million, or around ISK 2 billion. Read the full story

Posted in Business, General, Iceland, International, MBL, United KingdomComments (23)

Glitnir boss’s house likely to be frozen


The assets of former Glitnir bosses frozen by the Reykjavik District Commissioner amount to nearly a billion kronur (USD 7.9 million) and look set to include the former bank director’s house. Read the full story

Posted in Business, General, Iceland, MBLComments (1)

Jon Asgeir pays off New York mortgage in ready cash


Icelandic businessman Jon Asgeir Johannesson paid off his USD 10 million mortgage a few weeks ago. The mortgage on his luxury New York apartment was paid by bank transfer from his personal Royal Bank of Canada account. Read the full story

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Glitnir suspects’ assets still frozen


The domestic assets of Icelandic tycoon Jon Asgeir Johannesson are still frozen, despite the Director of Customs having retracted an asset freezing request. The Reykjavik District Commissioner froze the assets upon request from the Glitnir Bank resolution committee. Read the full story

Posted in General, Iceland, International, MBLComments (2)

Biggest claimants on old Icelandic banks revealed


glitlandsthingThe 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)

Jon Asgeir gets extension on Glitnir assets demand


jon-asgeir-littleThe deadline for former Baugur boss, Jon Asgeir Johannesson to submit a comprehensive list of all his assets to the Glitnir Bank resolution committee has been extended to tomorrow. Read the full story

Posted in Business, General, Iceland, MBLComments (6)

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Weather in Reykjavik, Iceland

Thursday, Sep 2
Light Rain
Currently: 15˚C
Feels Like: 15˚ C
Hi: N/A˚, Lo: 12˚
Wind: 26, Gust: N/A MPH
Wind Direction: ESE (110)
Light Rain

Friday, Sep 3
Hi: 14˚, Lo: 13˚
Wind: 34, Gust: N/A MPH
Wind Direction: SE (127)
Showers / Wind

Saturday, Sep 4
Hi: 15˚, Lo: 12˚
Wind: 34, Gust: N/A MPH
Wind Direction: ESE (108)
Showers / Wind

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