Icelandic tax payers are set to bear the heavy burden of recapitalising the government employees’ pension fund (LSR). Billions of extra krónur are needed by the fund over the coming decades so it can stand up to its responsibilities. Read the full story

Ólafur Þór Hauksson

Two staff members of two different Icelandic telecommunications companies are believed to have informed people under investigation by the special prosecutor into the financial collapse that their phones were being tapped. Read the full story

The British businessman Vincent Tchenguiz, who was closely linked with the Icelandic bank Kaupthing, has struck a deal with the defunct bank’s resolution committee. He will now stop his pursuit of damages against the bank. Read the full story

The International Monetary Fund decided at a meeting this week that conditions are right to end its Icelandic financial revival programme on schedule at the end of this month. The final tranche of funding was also approved by the board. Read the full story

A majority of the former Kaupthing Bank employees who were originally let off repaying loans used to buy shares in the bank, pre-collapse, have now made a payment deal with its resolution committee. Read the full story

The former board of Exista in Iceland decided to pay millions of kronur in bonuses during 2009, despite the fact that the company was insolvent. Read the full story

The Central Bank of Iceland lost ISK 13.5 billion last year (EUR 83.2 million). The largest part of the loss came through differing exchange rates, but operational costs were also a big factor. Read the full story

A ruling handed down yesterday by the Reykjavik District Court puts Kaupthing Bank into formal break-up proceedings. Under Icelandic law, moratoria on payments expire when break-up proceedings commence. Read the full story

The likelihood of significant lay-offs at Iceland’s biggest hospital – Landspitali in Reykjavik – became very real today after a general meeting to discuss next year’s budgetary plans was held by hospital president Bjorn Zoega. Read the full story

“This is one of the very biggest that we have gone into,” says Iceland’s Special Prosecutor into the banking crisis, Olafur Thor Hauksson about a large series of raids yesterday. Read the full story