A court in Luxembourg has given the green light to a deal between the bankrupt estate of Landsbanki Luxembourg, Landsbanki Íslands, the Central Bank of Luxembourg and several of the bank’s biggest creditors. Read the full story

Multimillion krona funding from now bankrupt companies FL Group and Old Landsbanki to the Independence Party will be paid back over seven years, it was revealed in the Icelandic parliament yesterday. Read the full story

A group of international banks has filed a legal challenge against the Landsbanki dissolution committee claiming that they should be treated as priority claimants. If they win, only 30-35 percent of the bank’s assets will go to pay Icesave. Read the full story

The Board of Directors at Landsbanki has decided to hire Steinthor Palsson as the new Bank President. He will take over from Asmundur Stefansson at the beginning of June. Palsson says his background at Bjorgolfur Thor Bjorgolfsson’s Actavis drugs company will not interfere with his new job in any way. Read the full story

Pall Benediktsson, spokesman for the Landsbanki resolution committee, says that a special investigations team at the auditing company Deloitte has been preparing a report into alleged misconduct at Landsbanki before the crash in autumn 2008. Read the full story

“I, the undersigned Bjorgolfur Thor Bjorgolfsson, offer my apologies to all Icelanders for my part in the property and debt bubble that led to the collapse of the Icelandic banking system. I apologise to you all for complacency in the face of the red flags that were going up all around. I apologise for having not followed my instincts when I became aware of the risks. I apologies to you all.” Read the full story

Landsbanki’s board of directors has decided to advertise the position of bank president for general applicants this weekend. Read the full story

Short trading by the banks against the Icelandic krona amounted to around ISK 1,000 billion (USD 7.93 billion at today’s rate) right before the banking collapse in 2008, according to economist Bjarni Kristjansson. Read the full story

The Supreme Court of Iceland has upheld the Reykjavik District Court decision not to stop the Special Prosecutor’s investigation into former government secretary Baldur Gudlaugsson. Read the full story

Landsbanki loaned the limited company IG ehf. ISK 26 billion in the form of a so-called bullet loan shortly after Iceland’s banking crisis began in autumn 2008. The loan was used to purchase shares in Icelandic Group and secured on the shares themselves, as reported on the Kastljos current affairs television programme. Read the full story