Results for Iceland
- Iceland Unveils Household-Debt Relief Program
Iceland's government unveiled a 150 billion Icelandic kronur ($1.25 billion) household-debt relief program Saturday, with the plan calling for increased taxes on the financial-services industry to help fund mortgage write-downs for Icelanders equiva ...
Daily Headline - global.abi.org - 12/02/2013 - 00:19 - 0 comments
- IMF Warns on Icelandic Economy
The International Monetary Fund raised a cautionary flag Wednesday over the possible consequences of lofty campaign promises made by Iceland's new prime minister and the small island nation's inability to make progress on lifting capital contro ...
Daily Headline - global.abi.org - 08/07/2013 - 21:50 - 0 comments
- Iceland Mortgage Bank Bondholders Gird for Debt Restructuring
Bondholders in Iceland’s state-backed Housing Finance Fund are waiting for the nation’s biggest mortgage bank to change the terms of their investment as the government looks for ways to keep the lender afloat, Bloomberg reported. “It wouldn’t surprise me ...
Daily Headline - global.abi.org - 06/04/2013 - 20:39 - 0 comments
- Iceland Votes Out Government That Led It Through Financial Crisis
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 - 20:05 - 0 comments
- EU Faces Cold Shoulder in Iceland Vote
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 - 22:06 - 0 comments
- Iceland Indicts 15 Over Financial Crisis
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 - 20:28 - 0 comments
- Iceland Mortgage Bank HFF Sees Bailout Averting Default
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 - 21:57 - 0 comments
- Iceland, Fervent Prosecutor of Bankers, Sees Meager Returns
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 - 21:39 - 0 comments
- Iceland's Refusal To Repay Depositors Legal
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 - 01/28/2013 - 23:16 - 0 comments
- Too-Big-to-Fail Prevention Is Tested in Post-Crisis Iceland
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 - 19:54 - 0 comments