Iceland prosecutor indicts ex-Landsbanki executives over loans
Two former Landsbanki chief executives have been indicted by Iceland’s special prosecutor for allowing it to guarantee loans despite lacking sufficien...
Economist: New debt writedowns would help Iceland growth
Iceland’s banks must continue writing down household and corporate debt to boost its economic recovery, a leading Reykjavik University economics profe...
Seðlabanki keeps rates unchanged
Iceland’s central bank has kept its key interest rate at six per cent for the ninth rate-setting session in a row, citing low inflation and solid econ...
Icelandic companies launch ‘Green Marine Technology’
Ten Icelandic ocean technology companies have launched Green Marine Technology – a marketing initiative focusing on eco-friendly solutions for fish pr...
Icelandic bank executives sentenced to jail
Four former big names of Icelandic failed bank Kaupthing have been sentenced to prison by a court in Reykjavík yesterday for their involvement in mark...
Iceland PM tells failed banks to pay up
Following his controversial announcement on November 30th to wipe 150 billion króna off household mortgage debt, the Icelandic prime minister now inte...
IMF frowns at Iceland debt write-off plan
A plan to ease mortgage debts of every household in Iceland through a write-off has been criticised by the International Monetary Fund (IMF). An annou...
Issuing and acquiring services provider Valitor makes mark on global stage
The Iceland-based international card payment services provider Valitor has been making its mark on the global stage in recent years