British government offers loan to Landsbanki
Alistair Darling, the British finance minister announced that the Bank of England will give a loan of 100 million pounds to reimburse British deposito...
UK sees increased trust in Icelandic banks
A large number of savings account holders in the UK transferred their funds to Icelandic banks on Monday, reports Mbl.is Icesave, a savings account of...
CDS levels in Iceland continue to fall
CDS spreads on Icelandic banks improved significantly last week, according to research from Nordic bank Glitnir. Kaupthing’s CDS level fell by 3...
Consumer confidence in Iceland rose 1.4 percent in December
Reuters reports thtat Consumer confidence in Iceland is up 1.4 % in December from last month, but is down over 15 % from 2006. Figures from market res...
Nordic bank Glitnir unveils new UK website
Glitnir bank has unveiled a new website at www.glitnir.co.uk following rapid business growth at its London office. Glitnir’s London branch specialises...
Reykjavik saving bank SPRON returns 9 month results for 2007
Net after-tax profit ISK 9.3 billion. Return on equity (ROE) 41.6%. Gudmundur Hauksson CEO: “The operating results for the first nine months of the ye...
Kaupthing Bank reports net earnings of ISK 60.2 billion (EUR 683 million).
Kaupthing Bank’s Results for the First Nine Months of 2007 is out and reports net earnings of ISK 60.2 billion (EUR 683 million). Hreidar Mar Sigurdss...
Iceland behind America’s geothermal push
A lot of the impetus behind the current US drive for geothermal alternatives to fossil fuels comes from across the Atlantic, in Iceland. Iceland Ameri...