Baldur Gudlaugsson, the under-fire permanent secretary from Iceland’s Ministry for Education, Science and Culture has announced he will resign from his post, according to a statement from the Ministry. Read the full story

Iceland’s Minister for Education, Science and Culture, Katrin Jakobsdottir was asked about what is going to happen to Baldur Gudlaugsson, a permanent secretary at the Ministry currently embroiled in allegations of insider trading. Read the full story

A specialist team from Okokrim, the Norwegian white-collar crime unit, stormed into the headquarters of DnB NOR and arrested two employees on charges of securities violations. Norway’s largest bank itself was also charged with the same violations and will now face a criminal investigation.

The raid on DnB NOR happened at their main offices in the Aker Brygge complex in Oslo. The action by authorities came a week after allegations were aired claiming that DnB NOR was engaged in insider trading. Read the full story