Straumur head fired over UK tax evasion report
Pétur Einarsson, the head of Reykjavik-based investment bank Straumur, has been dismissed following the release of a report stating that he evaded pay...
Kaupthing issues first international bond since banking collapse
Reykjavik-based Arion Banki, formerly know as Kaupthing, has issued its first international bond since the Iceland’s financial collapse in 2008. Hösku...
Local council in England recoups more losses from Iceland banking collapse
The local council in Wiltshire, England, has been compensated for almost half of its losses suffered in the 2008 banking crash in Iceland.
Iceland bank Kaupthing files lawsuits for rescinding effort
Icelandic banking firm Kaupthing has launched a series of lawsuits to rescind collapse-era funds.
Former Icelandic bank execs jailed for fraud
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 fou...
Islandsbanki committed to Geothermal Energy development in the U.S
According to the third annual U.S. Geothermal Energy Market Report issued by Islandsbanki (formerly Glitnir), there are around 144 geothermal energy p...
Russia approves 64 billion ISK loan to Iceland
The Russian government has decided to approve a loan to the Icelandic government up to 64 billion Icelandic kronur (500 million USD). According to the...
Consumer confidence bounces back in Iceland
August experienced a jump in consumer confidence in Iceland, rebounding from a record low of the previous month, reports Reuters referring to a poll b...