Arion Bank Lays Off 100 Employees

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

Ásgeir Jónsson.

Ásgeir Jónsson Appointed Governor of Central Bank

25 Jul 2019 Ásgeir Jónsson, PhD, has been appointed governor of the Central Bank of Iceland.

Jim Ratcliffe is Britan's richest man.

Landowner in Iceland named richest person in Britain in Sunday Times

14 May 2018 Jim Ratcliffe, who owns several lands and salmon rivers in Iceland is Britan's richest man, according to yesterday's Sunday Times.

The Arion Bank headquarters in Reykjavik.

Foreign investors buy 30% share in Arion bank

20 Mar 2017 Three hedge funds and Goldman Sachs have purchased a 30 % share in the Icelandic Arion bank. "The funds are betting on the bank and on Iceland. That's a powerful bet. Before the financial crash the bet was against Iceland so this is positive," said Financial Minister Benedikt Jóhannesson.

The Central Bank of Iceland building in Reykjavik.

Central Bank of Iceland concludes agreement with owners of offshore króna assets

12 Mar 2017 The Central Bank of Iceland has concluded an agreement with owners of offshore króna assets subject to special restrictions pursuant to Act no. 37/2016. Under the agreement, the Bank will purchase offshore króna assets from them in the amount of equivalent of close to 90 at an exchange rate of 137.5 kr. per euro.

Prime Minister Bjarni Benediktsson, and Minister of Finance Benedikt Jóhannesson making today's announcement.

Iceland government lifts capital controls

12 Mar 2017 The Icelandic government called for a press meeting today at noon to announce that capital controls will be lifted as of Tuesday. New Rules on Foreign Exchange were published on the Central Bank of Iceland website today.




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