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 [...]

From the report, Ossur Skarphedinsson described a government meeting with Halldor J. Kristjansson, Sigurjon Th. Arnason and Bjorgolfur Thor from Landsbankinn. “They came to introduce to us some “great offer”. And he (Bjorgolfur) sat there in his fine suit, a real “seller” and selling something where they were supposed to get Glitnir free and a [...]

The idea of an IceSave memorial is a great one. So here is a homage to the people who got us IceSave.               As Prime Minister and Finance Minister, David Oddson and Geir Haarde privatized Landbankinn into the hands of Bjorgolfur Gudmundsson, who had no experience in banking but [...]

Economics: The directors, executives, and auditors of four Icelandic banks for demonstrating that tiny banks can be rapidly transformed into huge banks, and vice versa (and for demonstrating that similar things can be done to an entire national economy). The CEO’s of Iceland’s collapsed banks have been honored at the Ig Nobel . This is [...]

Since Newsweek was pointing fingers this week with its “Who’s to blame” report, it only makes sense that Icelanders start extending their index fingers. For every Fred Goodwin, there is a Bjarni Armannsson and for every David Oddson…well there are actually few people who could have made as much mess in history as David Oddson. [...]

Sigurjon Th. Arnason and Halldor J. Kristjansson, CEO’s of Landsbankinn sent a letter to the Dutch Central Bank and the Icelandic Financial Authorities on September 23. last year where they said they were convinced that the Icelandic state would guarantee minimum deposits in Icelandic banks. Morgunbladid reports this today and has a copy of the [...]