Iceland president buys Borgarnes distillery
President and founder of Iceland supermarkets in the UK, Malcolm Walker, has been revealed as the main investor behind the purchase of Catco Vín ehf. ...
Iceland Special Prosecutor brings criminal charges against former Glitnir Bank CEO
Iceland’s Special Prosecutor into the banking crash has formally charged Lárus Welding, the former CEO of now-bankrupt Glitnir Bank. Charges wer...
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 ques...
Glitnir Bank chiefs held in Iceland embezzlement investigation
Lárus Welding, the former CEO of now-defunct Icelandic bank Glitnir, is one of three people arrested and remand in custody yesterday as part of the Sp...
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.
Icelandic pension funds buy into troubled oil company
The Enterprise Investment Fund of Iceland has purchased a 15.8 percent share in the country’s biggest oil company N1, from Islandsbanki and its ...
Glitnir Bank administrators hoping for business loan windfall
If the plans of the French company Lur Berri Co-operative Holding come to fruition, Iceland’s defunct Glitnir Bank will be repaid a sizeable out...
Evidence of co-operative cheating at Glitnir and Kaupthing
Kaupthing and Glitnir banks appear to have colluded to prop up each other’s share prices. Various pieces of evidence have emerged to back up thi...