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Former Icelandic Prime Minister Geir Haarde has been found guilty of one of four charges of negligence relating to the collapse of the country’s banks during the 2008 financial crisis.
Geir Haarde, the former Icelandic Prime Minister, is to go on trial on charges of negligence during the 2008 financial crisis.
Bondholders owed £2.5bn following the Icelandic banking crisis have begun a legal challenge against the 'priority status' given to local authorities and the Financial Services Compensation Scheme (FSCS) to get their money back from Landsbanki.
Other Iceland articles
Iceland has said the UK will get back the money it paid out to customers when the Nordic country’s banking system collapsed.
Iceland has rejected a deal with the UK and the Netherlands to repay debts relating to the collapse of Icesave.
A High Court judge has ruled the Tchenguiz brothers can sue Kaupthing Bank for £1bn ($1.6bn) damages.
The former chief executive of Singer & Friedlander, the City investment bank bought by Kaupthing, has called for the FSA to publish a report into the Icelandic banks' collapse.
The Icelandic parliament has approved a plan to repay the UK and the Netherlands the €4bn (£3.1bn) they compensated to Icesave investors.
A preliminary deal has been reached for the Icelandic government to repay funds to the UK and Dutch governments lost from the collapse of Icesave.
The Government is sitting on a war chest worth billions of pounds that could be used to help reduce the national debt or finance new spending plans.
A global group of bond investors has threatened the Icelandic government with legal action, in a move which could delay efforts to recoup billions of pounds of UK taxpayer funds held by the country.
Iceland’s parliament has voted to send former Prime Minister Geir Haarde to court over his role in the financial crisis.
Financial advisers may receive a reduced FSCS levy next year after the Court of Appeal ruled the compensation scheme is entitled to some of the £150m assets of failed Icelandic bank Kaupthing Singer & Friedlander (KSF).
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