Results for Iceland
- Iceland Considering Unfreezing Assets of Three Failed Banks
Iceland’s government signaled this week that it is closing in on a plan that would unfreeze the assets of three failed banks for creditors owed tens of billions of dollars, The Wall Street Journal reported. At a meeting Tuesday, a government lawyer t ...
Daily Headline - global.abi.org - 12/10/2014 - 22:34 - 0 comments
- Iceland Says Proposals for Exiting Capital Controls Now Complete
Iceland is set to unveil plans for exiting its six-year capital control regime at the start of next week after granting an exemption to LBI hf to repay 400 billion kronur ($3.2 billion) to priority creditors, according to people familiar with government’ ...
Daily Headline - global.abi.org - 12/04/2014 - 20:56 - 0 comments
- British Developer Vincent Tchenguiz Files $3.5 Billion Claim Over Iceland Bank Inquiry
The property developer Vincent Tchenguiz has filed a $3.5 billion claim in London against the accounting firm Grant Thornton, the Icelandic bank Kaupthing and three individuals, claiming they were behind a flawed criminal inquiry into the bank’s collapse ...
Daily Headline - global.abi.org - 11/27/2014 - 19:33 - 0 comments
- Icelandic Bank Targets First IPO Since $85 Billion Default
Six years after Iceland’s banks defaulted on $85 billion in debt and brought the Atlantic island’s economy to its knees, Islandsbanki hf is seeking to sell shares to international investors, Bloomberg News reported. The island’s second-largest bank, form ...
Daily Headline - global.abi.org - 10/19/2014 - 21:30 - 0 comments
- Iceland Reappoints Central Bank Governor
Iceland's government Friday reappointed its central bank governor, Mar Gudmundsson, for a second five-year term, backing him to continue steering the tiny island nation's recovery from a devastating financial crisis six years ago, The Wall St ...
Daily Headline - global.abi.org - 08/17/2014 - 19:14 - 0 comments
- British Fraud Office Reaches Second Settlement in Inquiry Over Icelandic Bank
Britain’s Serious Fraud Office said on Thursday that it had reached a second settlement in a series of civil claims brought by two brothers after a flawed investigation into the collapse of the Icelandic bank Kaupthing during the financial crisis, the ...
Daily Headline - global.abi.org - 07/31/2014 - 17:56 - 0 comments
- British Prosecutor to Pay $5.1 Million in Case Related to Kaupthing Inquiry
Britain’s Serious Fraud Office said on Friday that it would pay 3 million pounds, or about $5.1 million, to settle civil claims brought by a property developer following a flawed investigation into the collapse of the Icelandic bank Kaupthing during the ...
Daily Headline - global.abi.org - 07/27/2014 - 20:15 - 0 comments
- Iceland Aims To Sell Down Stake In New Landsbanki
Iceland aims to sell as much as 30 percent of New Landsbanki, one of the banks to emerge from the 2008 financial crisis, to help reduce government debt, Reuters reported. Iceland's three main banks had assets worth around 10 times the value of the e ...
Daily Headline - global.abi.org - 07/07/2014 - 22:08 - 0 comments
- Iceland Says Defunct Banks Could Be Made Bankrupt Unless Creditors Take Haircut
Iceland's defunct banks could be put into bankruptcy if creditors do not agree to a haircut on debts owed by Kaupthing, Glitnir and Landsbanki, which collapsed in 2008 owing more than $75 billion, the finance minister warned on Tuesday, Reuters repo ...
Daily Headline - global.abi.org - 05/27/2014 - 20:49 - 0 comments
- Biggest Icelandic Mortgage Bank to Be Wound Down Amid Insolvency
Iceland’s government proposed disbanding the Housing Financing Fund, the nation’s largest mortgage provider, as the lender struggles to make a profit amid loan losses and competition from commercial banks, Bloomberg News reported. The island nation will ...
Daily Headline - global.abi.org - 05/06/2014 - 20:46 - 0 comments