I have fallen ill lately, either some autumn flu or an allergy reaction due to Icelandic news. It seems like Bjorgolfur Thor and Jon Asgeir Johannesson are going to be the two people who hold the reins in Icelandic business once the dust has settled. Their creditors including Landsbankinn and Arion seem to be competing [...]

How are they trying to cook this up? The banks are now agitating for re installing bonus systems for the employees of their private banking and corporate banking divisions. Now it is great if bonus systems are available for employees, but when implementing those some basic questions must be answered. What are we rewarding? Remember, [...]

At the end of the news article summarizing the details of the proposed transfer of Arion/Kaupthing, we find the following statement of Steingrimur J. Sigfusson, the Minister of Finance: “The Government is satisfied that Kaupthing Bank’s creditors have acquired the majority of the share capital in Arion Bank, and it is important for the development [...]