Inspired by Iceland

Tag Archive | "Glitnir"

Iceland president buys Borgarnes distillery


President and founder of Iceland supermarkets in the UK, Malcolm Walker, has been revealed as the main investor behind the purchase of Catco Vín ehf. in Iceland (the country). Read the full story

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

Iceland Special Prosecutor brings criminal charges against former Glitnir Bank CEO


Ólafur Þór Hauksson

Iceland’s Special Prosecutor into the banking crash has formally charged Lárus Welding, the former CEO of now-bankrupt Glitnir Bank. Charges were also brought against another banker, Guðmundur Hjaltason. Read the full story

Posted in Business, Iceland, MBLComments (0)

Money laundering at old Icelandic banks under investigation


Work on the case against bankrupt Glitnir Bank is going well, according to Iceland’s special prosecutor; who says that 134 people have been questioned in the last six days. Read the full story

Posted in Business, General, Iceland, International, MBL, TechnologyComments (0)

Glitnir Bank chiefs held in Iceland embezzlement investigation


Ólafur Þór Hauksson

Lárus Welding, the former CEO of now-defunct Icelandic bank Glitnir, is one of three people arrested and remand in custody yesterday as part of the Special Prosecutor’s investigation into Glitnir’s working methods before the 2008 banking crash. Read the full story

Posted in Business, General, Iceland, MBLComments (0)

Bankrupt Icelandic bank pays Luxembourg debt


The estate of Iceland’s defunct Glitnir Bank has paid back all its debts to the Central Bank of Luxembourg, two years ahead of schedule. Read the full story

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Icelandic pension funds buy into troubled oil company


The Enterprise Investment Fund of Iceland has purchased a 15.8 percent share in the country’s biggest oil company N1, from Islandsbanki and its deceased predecessor, Glitnir Bank. Read the full story

Posted in Business, Energy, General, Iceland, MBLComments (0)

Glitnir Bank administrators hoping for business loan windfall


If the plans of the French company Lur Berri Co-operative Holding come to fruition, Iceland’s defunct Glitnir Bank will be repaid a sizeable outstanding loan, with interest. Read the full story

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Evidence of co-operative cheating at Glitnir and Kaupthing


Kaupthing and Glitnir banks appear to have colluded to prop up each other’s share prices. Various pieces of evidence have emerged to back up this claim, investigators into the old Icelandic banks say. Read the full story

Posted in Business, General, Iceland, MBLComments (27)

Jon Asgeir in court three times today


Three cases involving Icelandic businessman and former Baugur Group boss Jon Asgeir Johannesson will go before Icelandic district courts today. Read the full story

Posted in Business, General, Iceland, MBLComments (0)

Glitnir Bank to start paying money back to claimants


The resolution committee of Glitnir Bank in Iceland has stated that it hopes to start paying money out to claimants on the bankrupt bank’s estate as early as this December. Read the full story

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

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