Iceland’s state prosecutor has decided to appeal the recent Reykjavik District Court decision to acquit the three defendants in the suspicious loan case involving Exeter Holdings, Byr savings bank and MP Bank. Read the full story

The former Chairman of the Board at Byr Savings Bank in Iceland, Jon Thorsteinn Jonsson, has been issued with a travel ban due to the current investigation into Byr and the Exeter holding company being carried out by the Special Prosecutor. He is the only person to so far be barred from leaving Iceland by the Special Prosecutor. Read the full story

(UPDADTED 26 November) The office of Iceland’s Special Prosecutor into the banking crisis yesterday carried out searches at the headquarters of Byr savings bank and MP Bank. Read the full story

The Norwegian investor Endre Rosjo and Iceland’s MP Bank have reached a deal under which Rosjo will take a significant share in the bank at the upcoming shareholders’ meeting next month and will take an active role in the future development of the bank. Read the full story

The SPRON resolution committee has reached an agreement on the sale of SPRON’s branch network. Hlynur Jonsson, the head of the resolution committee, confirmed this to visir.is a short while ago – although he would not say who the purchaser was, saying that the sale would be publicly presented later today. Read the full story