Tag Archive | "kreppa"

Trial of former Iceland PM will continue following parliamentary challenge

The Icelandic parliament has voted in favour of continuing the criminal court case against former prime minister Geir H. Haarde for negligence in his handling of the banking crash.

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Iceland bank crash king to talk live to public today

Jón Ásgeir Jóhannesson, the former main owner of Baugur Group, will be on DV’s Direct Line with the general public later today. Jón Ásgeir, closely associated with Glitnir Bank and others, is one of Iceland’s most controversial pre-crash businessmen.

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Icelandic public must bail out indebted public sector pension fund

Icelandic tax payers are set to bear the heavy burden of recapitalising the government employees’ pension fund (LSR). Billions of extra krónur are needed by the fund over the coming decades so it can stand up to its responsibilities.

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Iceland phone tap suspects warned by phone companies

Two staff members of two different Icelandic telecommunications companies are believed to have informed people under investigation by the special prosecutor into the financial collapse that their phones were being tapped.

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Vincent Tchenguiz settles with Kaupthing Bank

The British businessman Vincent Tchenguiz, who was closely linked with the Icelandic bank Kaupthing, has struck a deal with the defunct bank’s resolution committee. He will now stop his pursuit of damages against the bank.

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Iceland and IMF part company

The International Monetary Fund decided at a meeting this week that conditions are right to end its Icelandic financial revival programme on schedule at the end of this month. The final tranche of funding was also approved by the board.

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Kaupthing staff agree to share buying loan repayments

A majority of the former Kaupthing Bank employees who were originally let off repaying loans used to buy shares in the bank, pre-collapse, have now made a payment deal with its resolution committee.

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Exista paid out millions in bonuses during Iceland financial crisis

The former board of Exista in Iceland decided to pay millions of kronur in bonuses during 2009, despite the fact that the company was insolvent.

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