The three directors of the British arm of Iceland’s collapsed Kaupthing bank have escaped a fine after a three-and-a-half year investigation, but they will not be allowed to hold senior jobs in the British banking sector for another year.
Tag Archive | "Iceland Bank"
UK Kaupthing directors banned from senior roles
Posted on 07 July 2012.
Posted in Business, Finance, General, Iceland, MBL, United KingdomComments (1)
UK tycoon cleared in Icelandic bank case
Posted on 25 June 2012.
The UK’s Serious Fraud Office has cleared property tycoon Vincent Tchenguiz of fraud after they accused him and his brother Robert of profiting from the collapse of Iceland’s Kaupthing Bank.
Posted in Business, Iceland, MBL, United KingdomComments (0)
Former Icelandic bank execs jailed for fraud
Posted on 15 June 2012.
The former chairman and the former CEO of the Icelandic Byr Savings Bank have each been sentenced to four-and-a-half years behind bars after being found guilty of fraud.
Posted in Iceland, MBL, SocietyComments (1)
Former Landsbanki executives arrested in Iceland
Posted on 15 January 2011.
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.
Posted in General, Iceland, MBLComments (4)
Iceland Glitnir Bank investors sued for siphoning $2 billion
Posted on 12 May 2010.
Seven Giltnir Bank investors and officials, including Jon Asgeir Johannesson, are being sued for conspiring to snatch control of USD 2 billion to benefit their own “failing companies,” Reuters reports.
Posted in Business, General, Iceland, International, MBL, United StatesComments (9)
Former Kaupthing bank boss Hreidar Mar Sigurdsson arrested in Iceland
Posted on 06 May 2010.
The former President of Kaupthing Bank, Hreidar Mar Sigurdsson has been arrested in Reykjavik, accused of criminal malpractice.
Posted in General, Iceland, MBLComments (21)
New Kaupthing and Islandsbanki recapitalisation announced
Posted on 14 August 2009.
Further to the announcement of 20 July 2009 and following shareholder meetings of Islandsbanki and New Kaupthing today, the Government of Iceland is pleased to announce that it has committed to capitalise Islandsbanki and New Kaupthing on the basis of compensation agreements which are in the process of being finalised with the Resolution Committees of [...]
Posted in Business, Iceland, International, MBL, PoliticsComments (1)
Kaupthing loan sheet released, then covered up again
Posted on 04 August 2009.
The scale of the loans made by Kaupthing Bank to large customers was neatly bound together into a stylish top-secret presentation shortly before the bank collapsed last autumn and then kept under lock and key until it recently appeared on a website called WikiLeaks.
Posted in Business, General, Iceland, International, MBL, PoliticsComments (4)
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More Members of Parliament against the Icesave deal
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British and Dutch stance on Icesave hardening
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Finland’s president to visit Iceland
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President of Iceland calls for scrutiny of economic failure at Global Leadership Summit 2013 in London
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Riots shake Stockholm for three consecutive nights
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Central bank starts buying forex
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A Government of the Progressive Party and the Independence Party has been formed and took office today