Kaupthing Bank

Iceland expects to reach deposit deal with Germany

Reykjavik - Iceland was Monday expecting to reach a quick deal with German depositors in Kaupthing Bank, one of the North Atlantic nation's three main banking groups that recently collapsed over the global credit crunch....

Belgian savers slam three governments' unkept promises

Hundreds of Belgian savers marched in Brussels on Saturday, representing tens of thousands of their compatriots who have put their money in the Luxembourg branch of Iceland’s troubled Kaupthing bank. Their accounts have been...

Iceland president doubts bank can redeem samurai bond issue

REYKJAVIK (Kyodo) Icelandic President Olafur Ragnar Grimsson indicated Thursday that an Icelandic bank hit by the global financial crisis could find it difficult to redeem debt issues, including a ¥50 billion samurai bond issue...

Pinnacle 9 and 10 noteholders could lose all of their investments

By Rachel Kelly, Channel NewsAsia | Posted: 14 November 2008 1938 hrs SINGAPORE: Morgan Stanley says investors of its Pinnacle Notes Series 9 and 10 are expected to lose all of their investments. This follows an update issued...

- Kaupthing Bank hf. requests delisting

The resolution committee of Kaupthing Bank hf. has sent a request to the OMX Nordic Exchange in Iceland that the company's shares be removed from trading in accordance with Article 24, paragraph 2, .. - Read more

Sir Philip Green ties up Moss Bros stake

It's appeal is more sober, more serious than, say, Topshop or Bhs, offering suits and formal wear for the discerning British male, and on Wednesday Moss Bros attracted the attention of one of the big hitters of the British high...

- Kaupthing's Resolution Committee meets with creditors

Kaupthing Bank's Resolution Committee met today for the first time with representatives of large creditors of the bank (Informal Creditors' Committee). The meeting was constructive and it is anticip.. - Read more

Icesave: The full story of the Icelandic bank's rise and fall

Icesave: The beginner's guide Icesave was the darling of the best-buy tables - it paid top rates of interest and attracted billions of pounds worth of UK savings. Anybody who wondered whether it was safe depositing their life...

Sun Sets On Sweden's Carnegie

LONDON - D. Carnegie fell out of the frying pan and into the bureaucracy on Monday, as the Swedish government took control of the company, which lost its banking license for taking "exceptional risks." The bank's demise was...

Kaupthing took on staff's loan liability before nationalisation: bank

REYKJAVIK (AFP) - Iceland's biggest bank, Kaupthing, gave its staff loans to buy shares in the bank but took over their personal liability just days before the bank was nationalised in October, the new management said Wednesday.

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