16 men and 26 women were yesterday made redundant from Íslandsbanki bank in Iceland. A statement from the bank says the redundancies are an unavoidable consequence of its recent government-mediated merger with the troubled BYR savings bank. In addition to the redundancies a further 21 employees will leave the company in a combination of retirements and voluntary terminations. Read the full story

Karl Wernersson, the controversial Icelandic investor and former majority owner of the holding company Milestone, has completed a debt review with Islandsbanki and will in all likelihood be allowed to keep his Lyf og Heilsa chain of pharmacies — to the dismay of many. Read the full story

On Wednesday 26th October, Islandsbanki and Glacier Securities won the ‘Best in Show’ audience choice award for its booth at the geothermal energy conference, Geothermal Energy Expo in San Diego, California. This annual event is the largest geothermal energy conference and exhibition held in the United States. Read the full story

Glacier Securities, a subsidiary of the Icelandic bank Islandsbanki, has predicted a strong future for the geothermal energy industry within the U.S., despite temporary set backs over the past couple of years. Read the full story

The geothermal energy conference, Geothermal Energy Expo and the GRC Annual Meeting, both taking place today until October 26th 2011 in San Diego, California, will see participation from the Icelandic bank Islandsbanki for the fifth time running; highlighting the bank’s commitment to the geothermal energy industry in the United States. Read the full story

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

There are just three days until the Islandsbanki Reykjavik Marathon and 7,000 people are already registered to take part. Read the full story

The curator of Islandsbanki’s collection of old banknotes was arrested on Tuesday, accused of having stolen valuable notes from the bank collection and attempting to sell them. Read the full story

Following this weekend’s two big Icelandic banking stories, further information and opinions have come forward, among others from Icelandic Prime Minister Johanna Sigurdardottir, who says that bank directors’ huge salaries are a direct provocation so soon after the banking crash. Read the full story

Iceland’s opposition Independence Party reportedly mortgaged its headquarters last month for a ISK 125 million (USD 1.07 million) payout from Islandsbanki. Read the full story