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....The government thinks the economy has recovered sufficiently to end controls. Controls were imposed after the collapse of the country's three biggest banks - Glitnir, Landsbanki and Kaupthing. ... [Read full article on BBC ]
Sunday 12th of March 2017 03:14:37 PM
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Latest Finance News related to Landsbanki

Iceland to end capital controls from 2008 financial crisis image
Source : BBC [Read Article] Sunday 12th of March 2017 03:14:37 PM
....The government thinks the economy has recovered sufficiently to end controls. Controls were imposed after the collapse of the country's three biggest banks - Glitnir, Landsbanki and Kaupthing. ...
Iceland government challenges retail chain Iceland over name use image
Source : Guardian [Read Article] Thursday 24th of November 2016 07:05:03 PM
.... Icelandic retail conglomerate Baugur bought a controlling stake in the grocer which it held until its collapse in 2009. Icelandic banks Landsbanki and Glitnir took on the stake, which was later acquired as part of a management buyout led by Walker. ...
Iceland PM resigns over Panama Papers after protests image
Source : Guardian [Read Article] Tuesday 5th of April 2016 03:51:01 PM
....Gunnlaugsson is also accused of a serious conflict of interest for failing to disclose his involvement with the company. Wintris held millions of pounds worth of bonds in Landsbanki, Glitnir and Kaupthing, the three big Icelandic banks that collapsed in the crisis with liabilities of more than 10 times the country’s GDP – and whose bankruptcies the prime minister’s government was responsible for overseeing. ...
How did Iceland clean up its banks? image
Source : BBC [Read Article] Wednesday 10th of February 2016 12:06:54 AM
Britain has been fully reimbursed for Icesave bank collapse, Iceland says image
Source : Guardian [Read Article] Wednesday 13th of January 2016 01:11:30 AM
....“Remember Icesave?”, Iceland’s foreign ministry wrote on Twitter, adding a link to an article about the reimbursement on the English-language website of the Icelandic daily Morgunbladid. Hundreds of thousands of British and Dutch savers lured by high interest rates lost deposits worth billions of euros after the privately-owned Landsbanki bank, the parent company of Icesave, and other financial institutions went bust when Iceland’s financial system collapsed in 2008. ...
After eight years, Iceland reimburses Britain for Icesave collapse image
Source : Telegraph [Read Article] Tuesday 12th of January 2016 07:35:05 PM
....co/EZuj09kSd8. Hundreds of thousands of British and Dutch savers lured by high interest rates lost deposits worth billions of euros after the privately-owned Landsbanki bank, the parent company of Icesave, and other financial institutions went bust when Iceland's financial system collapsed in 2008. ...
City News: Chelsea's stuttering start helping bookies image
Source : Daily Express [Read Article] Thursday 22nd of October 2015 07:34:00 PM
....banner International Holdings released a statement on the Hong Kong Stock Exchange requesting the suspension of its shares – pending a possible acquisition. Hamleys is owned by the French Groupe Ludendo which bought it for £60million from investors including Icelandic bank Landsbanki. ...
Chinese firm in talks to buy Hamleys image
Source : BBC [Read Article] Thursday 22nd of October 2015 03:15:15 PM
....Before that, the toy store was acquired by Iceland's retail conglomerate Baugur Group for £59m in 2003. It was then taken over by Icelandic lender Landsbanki - which was itself later nationalised - when the retailing group collapsed during the 2008 financial crisis. ...
Hamleys to be sold to Chinese footwear retailer image
Source : Guardian [Read Article] Thursday 22nd of October 2015 11:06:53 AM
....Hamleys was bought by the French retailer Groupe Ludendo in 2012. It was previously owned by a consortium of investors including the Icelandic bank Landsbanki, which collapsed in the financial crash. ...
Jewellery group Aurum increases sales after Watch Shop takeover image
Source : Telegraph [Read Article] Saturday 19th of September 2015 06:25:42 PM
.... . Aurum was owned by the Icelandic investor Baugur until the financial crisis led to its takeover by the lender Landsbanki. ...
Did people who put money into Icesave get it back? image
Source : Telegraph [Read Article] Saturday 19th of September 2015 05:08:35 PM
UK left out of pocket as Iceland draws a line under bank collapse image
Source : Telegraph [Read Article] Friday 18th of September 2015 07:47:38 PM
.... . The dispute became increasingly bitter as the British authorities invoked anti-terrorism laws to freeze the assets of Icesave’s parent, Landsbanki. ...
Syriza Left demands 'Icelandic' default as Greek defiance stiffens image
Source : Telegraph [Read Article] Sunday 14th of June 2015 03:21:35 PM
.... Iceland is a tempting model for Greece, but the parallel can be pushed too far. The Nordic country seized control of its three big banks - Glitnir, Kaupthing, and Landsbanki - when the crisis span out of control in late 2008. ...
Iceland is out of the woods but the financial system is still dangerous, says PM image
.... . Creditors in the biggest three banks that were allowed to fail during the crisis – Glitnir, Landsbanki and Kaupthing – have appeared to support the plans to charge the banks a “stability contribution” before they can pay their debts and wind down. ...
Iceland sets out plan to unfreeze its currency image
Source : Telegraph [Read Article] Monday 8th of June 2015 02:29:18 PM
.... . The government said the estates of the banks – Glitnir, Kaupthing and Landsbanki - are expected to comply with “non-negotiable stability conditions”, including a payment to the state by the end of 2015. ...
Iceland rises from ashes of banking crisis – timeline image
Source : Guardian [Read Article] Monday 8th of June 2015 12:26:18 PM
....The country’s banking system is taken over by the government, after its three largest banks run out of money. Glitnir, Landsbanki and Kaupthing have amassed assets 10 times greater than the size of Iceland’s annual economic output, but can no longer fund themselves. ...
Iceland to lift capital controls to help boost economy image
Source : Guardian [Read Article] Monday 8th of June 2015 09:12:51 AM
....Capital controls were introduced in November 2008 after the failure of the Icelandic banking system brought the country to the brink of financial meltdown. The three largest banks – Glitnir, Landsbanki and Kaupthing – collapsed in October 2008, having amassed assets worth 10 times more than Iceland’s annual economic output. ...
Iceland 'to end capital controls' image
Source : BBC [Read Article] Monday 8th of June 2015 07:20:23 AM
.... . The government imposed the controls in 2008 after the collapse of the country's three biggest banks - Glitnir, Landsbanki and Kaupthing - saw Iceland's national currency, the krona, plunge in value. ...
Why putting bank bosses behind bars is still nigh on impossible image
Source : Guardian [Read Article] Saturday 23rd of May 2015 03:00:09 PM
....”. In Iceland a special prosecutor, Ólafur Hauksson, was appointed to look through the wreckage of Kaupthing, Landsbanki and Glitnir banks. ...
Austin Reed receives turnaround cash from Alteri image
Source : Telegraph [Read Article] Monday 18th of May 2015 04:02:56 PM
.... . In the group’s last available accounts the group said that an existing £7m bank facility with Icelandic bank Landsbanki was sufficient, but that has proved to not be the case. ...
Iceland prepares to come in from the cold image
Source : Telegraph [Read Article] Saturday 28th of March 2015 05:00:31 PM
.... To prevent a destabilising rush to the exit, Iceland is considering an exit tax. The level is being debated with the hedge funds and distressed debt investors who have bought and traded offshore krona and claims on repayments from Glitnir, Kaupthing and Landsbanki from creditors who wanted out. ...
Icesave: UK government recovers £1.36bn of money used to bail out savers in Icelandic bank image
.... The Treasury announced on Thursday that it had recovered another £1. 36bn from the estate of Landsbanki, which went bust in 2008. ...
City Diary: Blinkx professor goes crackers over bill for Chinese takeaway image
Source : Telegraph [Read Article] Thursday 11th of December 2014 05:00:51 AM
.... The iceman cometh as Iceland’s first billionaire, Thor Bjorgolfsson, launched his new book, Billions to Bust and Back, in Covent Garden this week. Among those who gathered to hear the Landsbanki tycoon’s tale of financial ruin were some of Mr Bjorgolfsson’s fellow World Economic Forum Young Global Leaders. ...
Dashwood: Chilling read for savers who lost Icelandic pension pots image
Source : Telegraph [Read Article] Saturday 29th of November 2014 08:00:00 PM
.... . Interesting timing, then, for Thor Bjorgolfsson, one of the biggest investors in Kaupthing’s fellow Nordic failure, Landsbanki, to put his head above the parapet. ...
Former Landsbanki chief executive given jail sentence image
Source : Guardian [Read Article] Wednesday 19th of November 2014 05:39:47 PM
...
Iceland jails ex-Landsbanki boss for role in 2008 crisis image
Source : BBC [Read Article] Wednesday 19th of November 2014 04:47:10 PM
. Former Landsbanki boss Sigurjon Arnason has been sentenced to 12 months in prison. ...
Iceland Foods in £950m refinancing image
Source : Telegraph [Read Article] Saturday 30th of August 2014 07:30:17 PM
.... . Mr Walker, who owned 23pc along with senior managers, bought the remaining 77pc with the help of finance from Landsbanki and Kaupthing. ...
Former Baugur boss 'to return to British retail' after fraud charges dropped image
.... . However, when restructuring talks with Landsbanki, Baugur’s main creditor, collapsed in 2009, the group’s UK arm – BG Holdings – was placed into administration. ...

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