Iceland

Voters in Iceland have ousted the center-left government that restored the country to solvency after the 2008 financial crisis, paving the way for the return to power of the center-right parties that many people blamed for causing the crisis, the Inter ...

Daily Headline - global.abi.org - 04/28/2013 - 21:05 - 0 comments

Four years ago, Iceland's electorate—seeking a harbor from financial turmoil—voted in a government that said entry to the European Union and euro zone would offer protection from currency volatility, punishing inflation and the embarrassment of a fa ...

Daily Headline - global.abi.org - 04/25/2013 - 23:06 - 0 comments

Iceland's special prosecutor has indicted two former chief executives and more than a dozen other ex-employees of banks that fell in the financial crisis that gripped the nation in the autumn of 2008, accusing them of stock price manipulation and se ...

Daily Headline - global.abi.org - 03/24/2013 - 21:28 - 0 comments

Iceland's biggest mortgage bank said the government would bail out the lender before it’s unable to honor its debts, Bloomberg reported. “There’s no risk of a default,” Sigurdur Jon Bjornsson, chief financial officer of the Reykjavik-based Housing F ...

Daily Headline - global.abi.org - 02/21/2013 - 22:57 - 0 comments

With the global economy still struggling to recover from the financial maelstrom five years ago, governments around the world have been criticized for largely failing to punish the bankers who were responsible for the calamity. But even here in Iceland, ...

Daily Headline - global.abi.org - 02/03/2013 - 22:39 - 0 comments

Iceland was within its rights not to repay billions of euro to the United Kingdom and Dutch governments, who were forced to compensate depositors after an Icelandic bank collapsed at the height of the global financial crisis, a court has ruled, the Iri ...

Daily Headline - global.abi.org - 01/29/2013 - 00:16 - 0 comments

Iceland was brought to the brink of bankruptcy when its biggest banks failed four years ago. Now, the site of the world’s most spectacular financial collapse is becoming a pioneer in banking reform, Bloomberg Businessweek reported. “We’ve been burned by ...

Daily Headline - global.abi.org - 08/08/2012 - 20:54 - 0 comments

Iceland's former central bank chief had warned about the country's over-sized banks before they went bust in 2008, he said on Tuesday at the trial of a former prime minister for failing to prevent the crisis, Reuters reported. David Oddsson was ...

Daily Headline - global.abi.org - 03/06/2012 - 22:02 - 0 comments

Iceland's former prime minister Geir Haarde went on trial on Monday for failing to prevent the island nation's 2008 financial crash, the only global political leader to face prosecution over the wider crisis which engulfed the world economy, Re ...

Daily Headline - global.abi.org - 03/05/2012 - 21:03 - 0 comments

21/2/2012: Who has had the better crisis: Ireland or Iceland? Many would say Iceland, which Friday won a Fitch upgrade that restored it fully to investment-grade status; that puts it a step ahead of Ireland, which still has a "junk" rating from ...

Resource Article - global.abi.org - 03/02/2012 - 12:27 - 0 comments - 0 attachments