The most interesting twelve months in modern Icelandic history is the one between October 2007-October 2008. Who was warned? Interestingly very little has been written about this period. Except that former ministry director Baldur Gudlaugsson is on trial for selling his Landsbanki shares after a meeting with Alistair Darling in the summer of 2008. Recent [...]

Sigurjon Th. Arnason, former Landsbanki CEO who was brought in by the office of the Special Prosecutor earlier this week will remain in custody until January 25. The case appears to be about market manipulation, with the bank using illegal methods to do business with its own shares to keep their price up. Another former [...]

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 [...]

If Ragnhildur Sverrisdottir is worth anything as a PR person then surely she must distinguish herself from Bjorgolfur Thor’s latest attempts at total self destruction of his reputation. Or maybe she is working for free and her advice worth every penny? In an astonishing interview with VB.is Bjorgolfur comes across as a spoiled little child [...]

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, [...]

Bjorgolfur Thor was handed Landsbankinn through privatization because he was supposed to have made a mint abroad and re-investing it in the Icelandic economy was seen as a positive move. Landsbankinn’s bankruptcy within six years then turned out to be one of the biggest in history. Not just in Iceland but anywhere. The bank’s IceSave [...]

When Jon Gerald Sullenberger came forward as the main witness against Baugur in the largest court case of the decade, he was assisted and urged on by Styrmir Gunnarsson, then editor in chief of Morgunbladid and Jonina Benediktsdottir, Johannes Jonsson’s (Baugur founder) former lady-friend and rabid supporter of David Oddson. Their connections to David Oddson [...]

The human resource department of Landsbankinn must be examining its screening and hiring practises after the destructive forces it let into the bank in the last few years. Haukur Thor Haraldsson the former head of the bank’s operational division is accused of having moved 120 million ISK into his own account in the days of [...]

Where is former Landsbanki CEO Halldor J. Kristjansson and what is he doing? This has been a question on many Icelanders’ minds since Halldor disappeared to Canada and soon afterwards Ross Beaty of Magma Energy showed up to make the deal of a lifetime in geothermal energy. According to the website of Cash Store Financial [...]

The creditors’ list of Landsbankinn, courtesy of DV. Landsbanki_Krofulisti_V101.PDF