Tag Archive | "banking"

Trial of former Icelandic PM has begun

The court case against Geir H. Haarde, the former Prime Minister of Iceland, has begun in Reykjavík this morning after a succession of challenges aiming to cancel the case before it started.

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Iceland bank execs were bugged for evidence

It has been revealed that the Icelandic police used listening devices and telephone tapping in their investigation into the actions of banking executives.

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Iceland bank crash execs charged

Iceland’s special prosecutor into the banking crash is pressing charges against four former top executives at the now-defunct Kaupþing Bank. The charges relate to market manipulation in co-operation with a Qatari sheikh in the autumn of 2008.

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Iceland Special Prosecutor brings accounting crime charges against five more

It has been revealed that just before Christmas Iceland’s special prosecutor brought charges against five people accused of tax evasion in their work lives.

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Money laundering at old Icelandic banks under investigation

Work on the case against bankrupt Glitnir Bank is going well, according to Iceland’s special prosecutor; who says that 134 people have been questioned in the last six days.

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Icelandic bank looking towards first bond issue since collapse

Iceland’s Arion Bank says it is preparing to turn to international credit markets with a bond issue within the next 12 months. Arion has never issued bonds before and is the state-created successor to Kaupþing, which went bankrupt in 2008.

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Bankrupt Icelandic bank pays Luxembourg debt

The estate of Iceland’s defunct Glitnir Bank has paid back all its debts to the Central Bank of Luxembourg, two years ahead of schedule.

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Iceland court forces Kaupthing debt prince to pay back billions

Ingvar Vilhjalmsson, the former director of the market trade division at Iceland’s (now bankrupt) Kaupthing Bank, now needs to repay the bank’s estate around ISK 2.6 billion (EUR 16.36 million) in loans which had effectively been written off.

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