Iceland

Results for Iceland

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

Iceland to Lift Capital Controls Imposed After Financial Crisis

After Iceland imposed capital controls during the global financial crisis, the move helped stabilize the country’s banking system, putting the economy on a path to recovery, the International New York Times DealBook blog reported. As Iceland now unwi ...

Daily Headline - global.abi.org - 06/08/2015 - 22:03 - 0 comments

Iceland Prepares To Come In From The Financial Cold

After more than six long and lonely years, Iceland is hoping its financial isolation will soon be over. The North Atlantic nation, whose spectacular 2008 meltdown came to symbolise the greed and mismanagement of the global financial system, is expected t ...

Daily Headline - global.abi.org - 04/02/2015 - 23:15 - 0 comments

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 - 23:34 - 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 - 21:56 - 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 - 20:33 - 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 - 22:30 - 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 - 20:14 - 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 - 18:56 - 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 - 21:15 - 0 comments

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