Kaupthing bank that collapsed during the great meltdown of 2008, is now in the news for other reasons. Nine senior executives, including former executive chairman Sigurður Einarsson, have been charged in Reykjavik, for allegedly manipulating markets by using the bank’s own funds to buy Kaupthing shares in the hope of propping up its price.
Tag Archive | "Kaupthing"
Kaupthing’s top bosses indicted over rigging
Posted on 21 March 2013.
Posted in Finance, IcelandComments (0)
Kaupthing issues first international bond since banking collapse
Posted on 04 March 2013.
Reykjavik-based Arion Banki, formerly know as Kaupthing, has issued its first international bond since the Iceland’s financial collapse in 2008. Höskuldur Ólafsson, chief executive of failed Kaupthing bank, said in an official statement, “I think it is safe to say that it represents an important milestone in the regeneration of the Icelandic economy.
Posted in Finance, IcelandComments (0)
British investigators abandon inquiry into Iceland’s Kaupthing bank
Posted on 17 October 2012.
Fraud investigators in the UK have dropped a probe into the collapse of Reykjavik-based Kaupthing bank due to a lack of evidence.
Posted in Business, Finance, Iceland, United KingdomComments (1)
Iceland bank Kaupthing files lawsuits for rescinding effort
Posted on 07 August 2012.
Icelandic banking firm Kaupthing has launched a series of lawsuits to rescind collapse-era funds.
Posted in Finance, Iceland, MBLComments (0)
UK Kaupthing directors banned from senior roles
Posted on 07 July 2012.
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.
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)
British investigators reassess suspect in Icelandic bank case
Posted on 02 June 2012.
Britain’s embattled Serious Fraud Office (SFO) has promised to urgently review the suspect status of property tycoon Vincent Tchenguiz in connection to his alleged dealings with Iceland’s Kaupthing Bank.
Posted in Business, General, Iceland, International, MBL, Society, United KingdomComments (0)
Iceland’s Kaupthing bank repaid billions
Posted on 22 May 2012.
More than three years after the Icelandic banking collapse, Kaupthing Singer & Friedlander (KFS) says it has repaid nearly all of the £4.6 billion owed to non-preferential creditors.
Posted in Business, General, Iceland, International, MBL, Society, United KingdomComments (10)
