Posts tagged as:

Arion bank

Sveinbjörnsson receives Golden Eraser!

February 11, 2010

This just in from the Baggalútur* news service: Finnur Sveinbjörnsson, Director of Arion Bank, today received the Golden Eraser, one of the banking sector’s most coveted awards. Finnur received the award for his “unique achievements in writing off loans and his admirable patience and goodwill towards excessively indebted companies and individuals,” the panel of judges [...]

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Arion Bank’s bizarre acrobatics

February 10, 2010

God, there are so many corruption scandals emerging these days that my head is spinning. I’d love to inform the World at Large [that's you] about them but honestly, I wouldn’t know where to start. Except maybe with Kaupthing Arion Bank’s bizarre and completely outrageous settlements with this country’s former tycoons. First, Hagar. Hagar is [...]

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Serious Fraud Office launches investigation into Kaupthing bank

December 17, 2009

So, the Serious Fraud Office in the UK has launched a large-scale investigation into the activities of Kaupthing bank in the lead-up to the bank collapse last fall. Rumours to that effect have been circulating for weeks, and were finally confirmed today. Among other things, this concerns what seems like large-scale money transfers out of [...]

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