Sigurdur Einarsson, the former head of the board at Iceland’s Kaupthing Bank, is today being interviewed by the Special Prosecutor into the banking crisis. He is at the prosecutor’s Reykjavik office along with his lawyer, Gestur Jonsson. Read the full story

Further arrests of former Kaupthing bosses by Iceland’s Special Prosecutor into the banking collapse are considered likely in the near future. Read the full story

Press release: A new Board of Directors of Arion Bank was elected yesterday at a shareholders’ meeting of the Bank. At a board meeting held after the shareholders’ meeting, Monica Caneman was elected Chairwoman of the Board of Directors. Read the full story

Sigurdur Einarsson, the former chairman of the board at Old Kaupthing has put in a claim for lost wages to the bank’s resolution committee amounting to ISK 244 million (USD 1.9 million). No claim has been received from former bank president Hreidar Mar Sugurdsson, however. 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

Daniel Thordarsson, former Kaupthing asset manager and Stefnir Ingi Agnarsson, former Kaupthing stock broker, were this morning sentenced to eight months in prison by the Reykjavik District Court. 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

The alleged embezzlement of tens or hundreds of millions of Icelandic kronur by a staff member at Old Kaupthing Bank is under police investigation. The woman accused of misappropriating the funds was sacked when the issue first came to light. Read the full story

Press release from Arion Banki: From yesterday, 21 November 2009, New Kaupthing Bank changed its name to Arion banki. The new name signals a new direction and new values. Following the restructuring of the bank in the recent economic turmoil at home and abroad, the bank is shifting its focus in response to the demands for change made by its customers and employees. A new name will also help eliminate any confusion among the public and the bank’s business partners in Iceland and abroad. Read the full story

The injunction imposed on Icelandic national broadcaster RUV over revelations in the leaked Kaupthing loan book has been lifted. The issue was re-examined today by the Reykjavik District Commissioner at the request of the broadcaster. Read the full story