Results for Iceland
- Iceland Thaws on the Return of Foreign Investors to its Banks
Iceland’s former three big banks — Glitnir, Kaupthing and Landsbanki — became poster boys for the excesses among lenders around the world before the 2008 financial crisis, the Financial Times reported. Their assets swelled to more than 10 times the s ...
Daily Headline - global.abi.org - 04/05/2017 - 21:14 - 0 comments
- Banks Mandated For Iceland's Arion Bank IPO
Failed Icelandic bank Kaupthing is pressing ahead with a stock market listing of its domestic arm Arion, people close to the matter said, a key step in Iceland's rehabilitation in the global financial system, Reuters reported. Kaupthing, once a majo ...
Daily Headline - global.abi.org - 01/18/2017 - 22:43 - 0 comments
- Kaupthing To Put UK's Oasis And Warehouse Up For Sale
Administrators for failed Icelandic bank Kaupthing are looking to sell off British high street retailers including Coast, Oasis and Warehouse which employ thousands of people, four sources familiar with the matter said. The bank was nationalised during I ...
Daily Headline - global.abi.org - 11/27/2016 - 19:07 - 0 comments
- Iceland Does Not Face Another Bust, But Its Economy Looks Lopsided
Good times are rolling again in Iceland. In June it beat England in a football match. On The Economist’s “glass-ceiling index”, it is the world’s best country for working women. And the economy is purring. After a thumping crash in 2008-09, GDP is expect ...
Daily Headline - global.abi.org - 11/17/2016 - 22:39 - 0 comments
- Article from INSOL Europe (4 - 10 April 2016) GlobalINSOLvency Editorial Board
This decision provides strong support to examiners using their commercial judgment and helps to clarify their role in restructuring companies in Ireland via examinership, Ireland’s main corporate rescue mechanism. Warren Baxter of Deloitte comments on th ...
Resource Article - twallace@abiwor... - 04/08/2016 - 16:16 - 0 comments - 1 attachment
- Iceland’s Prime Minister Sigmundur David Gunnlaugsson Resigns After Release of ‘Panama Papers’
Icelandic Prime Minister Sigmundur David Gunnlaugsson resigned Tuesday, becoming the first major casualty of renewed global scrutiny into offshore accounts sparked by millions of documents allegedly leaked from a Panamanian law firm, The Wall Street Jo ...
Daily Headline - global.abi.org - 04/05/2016 - 21:11 - 0 comments
- Brown Rudnick Alert: Iceland's Capital Controls Saga - The End of The Freeze? - ATTORNEY ADVERTISING
In the decades before 2008, Iceland had a stable and prosperous economy, built on fishing, tourism, aluminium smelting and - to an extent that grew rapidly over time - financial services. Then, in late 2008, following the difficulties experienced by the ...
Resource Article - twallace@abiwor... - 02/01/2016 - 10:31 - 0 comments - 0 attachments
- Failed Icelandic Bank Glitnir To Start Repaying Creditors
Failed Icelandic bank Glitnir said on Thursday it had got agreement from the central bank to begin paying out billions of dollars owed to creditors since it collapsed in 2008, Reuters reported. Iceland's financial system crashed during the global fi ...
Daily Headline - global.abi.org - 12/17/2015 - 23:14 - 0 comments
- Iceland Moves To Nationalise Islandsbanki, On Way To Lifting Capital Controls
Iceland moved a step closer to lifting capital controls imposed following its 2008 financial meltdown, with creditors of one failed bank on Tuesday proposing the nationalisation of the successor bank in which they hold a majority stake, Reuters reported. ...
Daily Headline - global.abi.org - 10/20/2015 - 22:20 - 0 comments
- Free Lunch: Default, Depreciation, And Controls
Since Iceland's banking system collapsed in late 2008, the small island state has served as a pioneering counter example to Europe's way of handling a debt crisis. When Icelandic banks, which had grown to 10 times the country's annual inco ...
Daily Headline - global.abi.org - 06/15/2015 - 21:22 - 0 comments