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.

Kaupþing.

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.

Már Guðmundsson, Governor of the Central Bank of Iceland.

“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.

Photo: mbl.is

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.

Photo: Eggert

All Iceland’s major banks get ‘positive’ outlook

20 Jan 2016 International credit-ratings agency Standard & Poor’s has raised the outlook for all three of Iceland’s major banks to ‘positive’.

Iceland Monitor feature articles and interviews in English on Icelandic culture, society, politics, economy, living, travel and nature.

Nipples, glaciers and pagans: a 2015 retrospective

22 Dec 2015 As the year draws to a close, Iceland Monitor takes a look back over 2015 and some of its most popular news stories for each month. Which is your favourite?

cameron

'We've put Icesave behind us'

29 Oct 2015 „What I'd say about the Icesave situation is that I think both countries have now put this behind us in our relations and now we can move forward and talk about the other things we should be doing together.“

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