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

Joint press release by Iceland’s Ministry of Finance and the Resolution Committee of Landsbanki Íslands hf:
Key points:
* The Icelandic state acquires 81% of the share capital in Landsbankinn (NBI hf).
* Equity contribution by the state will be ISK 122 billion, 5 billion lower than previously estimated.
* Landsbanki’s Resolution Committee, on behalf of creditors, will control 19% of NBI . Read the full story

A letter sent from the UK FSA, Financial Services Authority, to Landsbanki on the 3rd October 2008 established that assets were frozen five days before the British government introduced the terrorist law. 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

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 office of Iceland’s special prosecutor into the banking crisis has for the first time used its powers to freeze personal assets. Read the full story

The Icelandic government’s latest bill concerning state responsibility for Landsbanki’s failed Icesave accounts in the Netherlands and the UK was passed last night by the Althingi appropriations committee. Read the full story

The bond which the investment fund Fyrirtaekjabref Landsbankans bought from Bjorgolfur Gudmundsson in 2005 for ISK 400 million was used to finance the setting up of a memorial fund for Gudmundsson’s daughter. Read the full story

Baldur Gudlaugsson, the under-fire permanent secretary from Iceland’s Ministry for Education, Science and Culture has announced he will resign from his post, according to a statement from the Ministry. Read the full story