This is against the law says UK’s prime minster Gordon Brown in a BBC interview
According to the UK Prime Minster, Gordon Brown in an Interview with the BBC earlier today “The Icelandic banks have failed not only the people of Ic...
Business
Information and news on Business and Finance related issues
Norway’s sovereign “oil fund” takes heavy hit
In a crippling ripple effect of the Wall Street market meltdown, Norway’s special “oil fund” may have lost nearly all of its profits garnered over the...
Statement by the Prime Minister of Iceland
The Icelandic government appreciates that the British authorities are willing to step in and respond to the immediate concerns of depositors of Landsb...
Denmark’s government creates bailout fund
In these times of economic uncertainty, Denmark has taken the pre-emptive step of creating a 35 billion kroner fund in conjunction with the country’s ...
The Icelandic financial supervisory authority takes over Glitnir Bank
Based on new legislation, the Icelandic financial supervisory authority (IFSA) has proceeded to take control of Glitnir Bank. The bank is now under th...
Icelandic government officials and stakeholders meet
According to Icenews sources, a major announcement can be expected early Monday and MBL.is just reported that Icelandic government officials, represen...
Savers in the UK should not be nervous, Icelandic banks are solid
In and Interview with the BBC on Saturday, Tryggvi Herbertsson, economic adviser to the Icelandic Prime Minister said the government could and would s...
Kaupthing to buy Landsbanki
Local media DV.is reported today that, according to their sources, Kaupthing bank would buy Landsbanki with the back-up of the Icelandic government. A...