“Whatever you say about the Icelandic banks, they operated within the framework of the European regulations on banking and finance,” Grimsson, who is the country’s head of state and doesn’t lead the government, said in an interview with Bloomberg radio in New York today. From Bloomberg The president who’s got his foot firmly stuck in [...]

Serious Fraud Office investigators believe crucial evidence in their probe into sports retailers JJB and Sports Direct is to be found in the archives of Icelandic bank Kaupthing and are to send a team to Reykjavik to probe the records of the failed lender. From the Daily Mail

Special prosecutor Olafur Thor Hauksson and Eva Joly are in London today meeting with Richard Alderman, head of Serious Frauds Office. The purpose of the meeting according to mbl.is is to examine grounds for co-operation. SFO took the initiative last month, as it has Kaupthing, Landsbankinn and Glitnir under investigation.

The Serious Fraud Office has asked people who have inside knowledge of Kaupthing to step forward, following the leak of the bank’s loan book on the Wikileaks website over the weekend. The SFO says it is still deciding whether to launch an official investigation into Icelandic banks and the inquiry is still at the ‘research [...]

Separately, the Serious Fraud Office is understood to have contacted Eva Joly, the Icelandic government’s fraud consultant, in the hope of arranging a meeting. The SFO is in the process of gathering intelligence on Kaupthing in London, where two-thirds of its corporate loan clients were based. From the Telegraph

The SFO’s team has intensified its inquiries following the leak of Kaupthing’s loan book on to an internet site, Wikileaks.org, over the weekend, according to sources, A team is understood to be examining the document connected to the failed Icelandic bank, which had a large UK client base. It has also received information relating to [...]