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

The scale of the loans made by Kaupthing Bank to large customers was neatly bound together into a stylish top-secret presentation shortly before the bank collapsed last autumn and then kept under lock and key until it recently appeared on a website called WikiLeaks. Read the full story

Former Prime Minister of Iceland, Halldor Asgrimsson said in an interview that the privatisation of the Icelandic banks was not the wrong decision. He said the biggest mistake made was not joining the European Union as he has always pushed for, although he admits a variety of factors got in the way. Read the full story

“The Kaupthing Resolution Committee will chase the bank’s money wherever we have to, whether it has gone to offshore companies or not. It makes no difference who is holding the funds,” Says Johannes Runar Johannsson, a Supreme Court barrister and member of the Kaupthing Resolution Committee.

His comments follow revelations that the Bank is chasing British businessman Robert Tchenguiz through the British courts, claiming GBP 180 million it believes Tchenguiz withheld following the sale of Somerfield supermarkets. Read the full story