None of the biggest claimants to the estate of the bankrupt Glitnir Bank want to remain in 95 percent possession of its successor, Islandsbanki. The Bank’s resolution committee has therefore put Islandsbanki up for sale and has hired Swiss bank UBS as advisor for the sale. The reported sale price is ISK 100 billion (USD 776.7 million). Read the full story

The Williams Formula 1 motor racing team has a roughly ISK 2 billion (USD 15.7 million) claim in the estate of Iceland’s bankrupt Glitnir Bank connected to Jon Asgeir Johannesson’s attempts to buy himself into the team in previous years. Read the full story

Britain’s Serious Fraud Office will formally begin its investigation into the operations of the failed Icelandic banks Glitnir, Kaupthing and Landsbanki in the United Kingdom. Read the full story

The deadline expires today for Old Kaupthing Bank to decide whether it wants to take an 87 percent stake in Arion Bank (formerly New Kaupthing). If it decides to take Arion on, the Icelandic government would only be left as the majority shareholder in New Landsbanki. Read the full story

A group of people who purchased shares in Glitnir Bank after the state took possession of a 75 percent stake on the 29th September last year, is planning to sue the Icelandic government for the refund of its members’ money. Read the full story

Margret Maria Sigurdardottir, Iceland’s children’s ombudsman says she is speechless that Glitnir Bank loaned millions of kronur to children to buy shares in Byr Savings Bank. She says the guilt lays both with Glitnir and the parents for indebting their own children. Read the full story

One year after the financial meltdown in Iceland when the three main banks, Kaupthing, Glitnir and Landsbanki collapsed, and many big Icelandic firms such as Baugur Group, FL Group and Moderna went bankrupt, a lot of the smaller Icelandic companies are starting to gain more of a momentum. Read the full story

Announcement from Glitnir’s Resolution Committee, the Ministry of Finance and Íslandsbank: Read the full story

An agreement has been reached that will put Islandsbanki 95 percent in the hands of Glitnir’s foreign creditors. Morgunbladid reports that the decision will be presented at a press conference later today. The Icelandic state will retain a five percent stake in the bank and will have one representative on the board of directors, according to the paper. Read the full story

The Icelandic government and the Glitnir Bank resolution committee have come up with two options for the future of the company and its eventual re-privatisation. Creditors are being asked to vote for their preferred option before the end of the month. Read the full story