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UK SFO Iceland trip bearing fruit
The British Serious Fraud Office (SFO) is looking into the affairs of the old Icelandic banks and hopes to soon decide whether or not a formal investigation into illegal activities will be launched. A...
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Iceland makes second early IMF repayment
Iceland has made a second early repayment to the International Monetary Fund (IMF) in a symbolic step that shows the island nation is aggressively working its way out of financial meltdown. The country...
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Asian investors interested in Íslandsbanki
An Asian investment group is eyeing up Íslandsbanki, one of the financial institutions created after Iceland’s economy collapsed, offering a ray of hope to creditors. The North Atlantic country’s...
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Icelanders heading back to their homeland
Following the mass exodus of young graduates from Iceland in the wake of the 2008 financial crisis, the country has finally returned to net immigration. Thousands of graduates quit the country in 2008...
View ArticleIceland plans euro bond sale
Iceland is planning to sell its first euro bond since 2006, moving away from the US dollar funding it has been dependent on since its economy crashed in 2008. The North Atlantic island has tapped only...
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Former Landsbanki boss jailed in Iceland
The former boss of the defunct Icelandic bank Landsbanki has been jailed for 12 months for his role in the 2008 financial crisis. An Icelandic court found Sigurjon Arnason guilty of market manipulation...
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Iceland considers imposing ‘exit tax’ on foreign investors
Iceland is considering making foreign investors who have been unable to retrieve their funds that have been locked in since the nation’s three biggest banks defaulted in 2008 pay an exit tax. The North...
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Iceland: Evangelical Church could receive hundreds of millions in refunds
The National Church of Iceland could be set to receive 660 million krona as compensation for recession-related cutbacks in the aftermath of the economic crash in 2008. Talk of the multimillion krona...
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