Two former senior Landsbanki executives have been arrested over allegations of market manipulation after a total of seven former Landsbanki employees were called in for questioning last Thursday. 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 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

British newspaper The Financial Times is running an article about Olafur Thor Hauksson, Iceland’s Special Prosecutor investigating the banking crisis. In the article Eva Joly, the famous fraud investigator and Hauksson’s key international adviser, complimented him as “very hard working and very honest”. Read the full story

“We will swap information with the British and I hope we can get an investigator from the UK to come over here,” Eva Joly, advisor to Iceland’s Special Prosecutor, said. Joly confirmed to Morgunbladid yesterday that her team will begin formal co-operation with the UK Serious Fraud Office (SFO). Read the full story

It has emerged that the son of Iceland’s Attorney General is one of two CEOs at Exista, which was one of the major stakeholders in Kaupthing Bank. And all cases sent from Iceland’s special banking collapse investigation committee for prosecution have to go through the Attorney General. Read the full story