Uncertainty over sale of partially-nationalised Icelandic banks
Iceland’s finance minister says the state will sell its shares in the new banks it created during the financial crash; but that it will not be t...
Icelandic króna surplus building fast
Foreign claimants on the estates of bankrupt Icelandic banks Kaupþing, Glitnir and Landsbanki will be paid recovered funds up to ISK 450 billion (EUR ...
Order of priority claims under the Emergency Act deemed valid by Icelandic court
The Supreme Court of Iceland today ruled in a case concerning the Emergency Act of October 6th 2008. The ruling entails that the law and associated ac...
Icelandic bank crisis company declared bankrupt
The private company Exeter Holdings has been declared bankrupt. The company has been at the centre of a loans scandal.
Iceland to close down some bank branches?
The ISFI (Icelandic State Financial Investments) has made a recommendation the a swathe of bank branches should close in the name of money saving.
Iceland’s demolition debt protest man charged
The Icelandic man who destroyed his house in protest at it being sold in a repossession auction in 2008 has now been charged with wilful damage to pro...
Icelandic pension funds lost heavily in economic crash
Iceland’s pension funds lost at least ISK 70 billion (USD 621.3 million) in the banking crisis. The Icelandic parliament investigating committee...
Iceland debt kings’ assets revealed
Karl Wernersson, the former owner of Milestone – an Icelandic investment company, has around ISK 1 billion (USD 8.42 million) in excess of debts...