News Tagged with “Banks”

Íslandsbanki Plans an IPO on Nasdaq Iceland

27 May 2021 The Icelandic State Financial Investments, “ISFI” (Bankasýsla ríkisins), on behalf of the Treasury of Iceland, and Íslandsbanki hf., have confirmed their intention to proceed with the next step towards an initial public offering (IPO) and listing of shares in Íslandsbanki on Nasdaq Iceland.

Arion Bank Lays Off 100 Employees

27 Sep 2019 One hundred people lost their job at Arion Bank in Iceland yesterday.

Karen Millen bankrupt, blames Icelandic bank

31 Mar 2017 Fashion designer and former owner of the Karen Millen brand, Karen Millen was just declared bankrupt over unpaid tax. Miller claims to be victim of fraud by collapsed Icelandic bank Kaupþing.

Icelandic banks receive improved credit rating

26 Oct 2016 International credit rating agency S&P Global Ratings has in the past few days raised the credit rating of all three of Iceland’s major banks.

Hreiðar Már Sigurðsson, Ingólfur Helgason and Sigurður Einarsson.

Iceland finds all guilty in banker market-abuse case

6 Oct 2016 Iceland’s Supreme Court has return a guilty verdict for all nine defendants in the Kaupþing market manipulation case, the court trial for which began in April 2015.

Anger at six-figure executive bonuses

29 Aug 2016 Plans are afoot at Icelandic holding company Kaupþing to shower “key employees” with bonuses of up to ISK 100 million (approx. €765,000) each.

The falling pound makes Iceland a more expensive place for Brits.

Plummeting pound makes Iceland more expensive for Brits

15 Aug 2016 Iceland is becoming an ever more expensive proposition for British tourists as the pound sterling (GBP) continues its sharp fall against the Icelandic króna.

Meet Iceland’s most implicated Panama Papers family

2 Jun 2016 Father-and-son team Björgólfur Guðmundsson and Björgólfur Thor Björgólfsson are linked to at least fifty of the offshore companies featured in the recently leaked ‘Panama Papers’.

Már Guðmundsson, Governor of the Central Bank of Iceland.

Iceland Central Bank eyes autumn for lifting capital controls

1 Jun 2016 Governor of the Central Bank of Iceland Már Guðmundsson has announced that “the objective is to be able to take decisive steps in lifting capital controls this autumn”.

Iceland passes new capital controls legislation

23 May 2016 The ‘offshore króna’ bill is the second stage of a multi-phase strategy to lift Iceland’s capital controls.

“Now is the time to scrap capital controls in Iceland”

25 Apr 2016 Iceland will not get a better chance to successfully lift capital controls than now, the Head of the Central Bank of Iceland has told Icelandic MPs.

Már Guðmundsson, Head of the Central Bank of Iceland.

Big news on Iceland’s capital controls tomorrow?

16 Mar 2016 Head of the Central Bank of Iceland Már Guðmundsson has hinted at a big announcement regarding the lifting of capital controls in Iceland at the Bank’s AGM tomorrow.

One in ten trust Iceland’s bank system

15 Mar 2016 Iceland’s bank system and parliament have come bottom of a survey asking the public how much they trust various institutions and official bodies.

Iceland banks post big 2015 profits

26 Feb 2016 Iceland’s three major banks have posted a combined profit of ISK 106.7 billion (approx. €750 million) for 2015.

Glitnir was one of Iceland's three major banks that collapsed back in 2008.

BBC charts Iceland’s post-crash journey

10 Feb 2016 “How did Iceland clean up its banks?” is the headline of an article published by the BBC this morning looking into Iceland’s financial crash in 2008 and developments since.