Kaupthing

Ex-Kaupthing bosses want their money

January 22, 2010

So the deadline to submit claims in the Kaupthing bank insolvency has just passed, and of course the goons executives who drove the bank into the ground are among those with hefty claims in the estate. Sigurður Einarsson, one of the bank’s two CEOs [who incidentally was bestowed with the Order of the Falcon by [...]

Full article →

Parliament in chaos as new documents on Icesave appear

December 30, 2009

The vote on the Icesave issue, which was due to start at 10 am this morning, was postponed last night as new documents surfaced that had hitherto been kept secret. The documents are from British law firm Mischon de Reya and apparently they outline an advantage that the Icelandic authorities might have in negotiations with [...]

Full article →

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 [...]

Full article →

Former Kaupthing executive dishes the dirt, and no, it’s not Ármann Þorvaldsson

December 14, 2009

Interesting interview in Silfur Egils today with Tony Shearer, a former executive with the bank Kaupthing Singer & Friedlander in London. KS&F used to be just plain old Singer & Friedlander until it was taken over by now-defunct Kaupthing bank, in 2006 or thereabouts. The Icelandic útrásarvíkingar placed themselves firmly at the helm, most notably [...]

Full article →

iPhones to fund moguls’ debt repayments?

November 25, 2009

Big news everybody: iPhones have officially landed in Iceland, meaning we can now actually buy them here AND use them without having to hack them first. Apparently iPhones are this year’s Christmas present, or so the phone companies would have us believe. Incidentally, two of the three major telecommunications companies on the Icelandic market are [...]

Full article →

The White Book and Baugur Group

November 24, 2009

I’ve just finished reading The White Book by Einar Már Guðmundsson …yes, it’s taken me awhile, but only because I was subjected to the literary equivalent of being clobbered over the head and dragged off this book [affiliate link alert!] – pretty much as I am currently devouring this one [or as the bookstore clerk [...]

Full article →

Our review of the kreppa books and reviews

October 10, 2009

So I’ve been back in Iceland since Wednesday and, as is always the case when I don’t post for a few days, I start to suffer from writer’s block. Not because I don’t have anything to say – but because I have too much to say and I have such a hard time choosing. I’ll [...]

Full article →

A conspiracy theory cooked in the hot pot

August 9, 2009

As many of you will know, the hot pots [or tubs] in Icelandic swimming pools serve pretty much the same function as the pub does in Britain, or the café in France … it’s where people gather together to socialize and discuss current affairs and matters of national importance. This evening I read a pretty [...]

Full article →

UK’s Serious Fraud Office investigates Kaupthing’s loan book

August 4, 2009

Oh, man. Old Kaupthing bank has really f*cked itself over by attempting to cover up that leak this past weekend and getting that gag order placed on RÚV. I wonder if the matter had received half the attention it has if they’d just quietly looked the other way, waiting for it to blow over. It [...]

Full article →

← Previous Entries

Next Entries →