Icesave Bank

Entity type image
Type: Company
Name: Icesave Bank
First reported Jun 05 2013 - Updated Jun 05 2013 - 1 reports

[Irish Economy] Why Ireland should look to Iceland for advice

Posted by Scofflaw:Quote: Originally Posted by dlouth15 (Post 84930444) Hmmm. Well you can implement capital controls to prevent money leaving the country that would not necessarily prevent a bank run where people are worried that the ATMs will ... [Published Boards.ie - Jun 05 2013]
First reported Jun 05 2013 - Updated Jun 05 2013 - 1 reports

ASK TONY: Halifax lost my £100,000 in transit ? and made me doubt my own sanity

By DM.has('shareLinkTop', 'shareLinks', ); 0 shares I sold my house following the death of my husband. My solicitor paid the £102,456 from the sale into my Halifax mortgage account, so I could pay off the outstanding balance on my home loan.I understood ... [Published Mail Online UK - Jun 05 2013]
First reported May 27 2013 - Updated May 27 2013 - 1 reports

Back To Normal

Iceland’s election gambleWords by Valur GunnarssonPhotos by Sigtryggur Ari“I haven’t smoked a cigarette since 1995, but I am going to have one now,” says a woman at an election party held by the Icelandic expat community in Berlin. “I guess this means ... [Published Rekjavik Grapevine - May 27 2013]
First reported May 24 2013 - Updated May 24 2013 - 1 reports

Jóhanna Sigurðardóttir Does A Little, Farewell Dance

Words by Alda KravecPhotos byAs the new coalition government officially took power yesterday, the outgoing Prime Minister’s office released a video where Jóhanna Sigurðardóttir dances off the stage.The video, which can be seen here, is a 7 minute farewell ... [Published Rekjavik Grapevine - May 24 2013]
First reported May 23 2013 - Updated May 24 2013 - 4 reports

Icelands new government to take office

REYKJAVIK: Icelands new Prime Minister Sigmundur David Gunnlaugsson was to take office on Thursday, heading up a coalition government composed entirely of newcomers who have never served in a cabinet. Gunnlaugsson, of the centrist-agrarian Progressive ... [Published Daily Times - May 24 2013]
First reported May 23 2013 - Updated May 23 2013 - 1 reports

Iceland’s Landsbankinn First Quarter Profit Rises on Loan Income

Landsbankinn hf, the Icelandic state-created successor to failed Landsbanki Islands hf, said first-quarter profit rose on income from loans and advances acquired at a “deep discount.”Net income increased 4 percent to 8 billion kronur ($64.7 million) from ... [Published Bloomberg - May 23 2013]
First reported May 22 2013 - Updated May 22 2013 - 1 reports

Overseas creditors might have to accept losses

Foreign bondholders hoping to recoup their full investments in Iceland’s three collapsed banks will be eyeing the new government nervously. Anti-austerity election pledges have threatened to force accepted losses on them. Landsbanki Íslands, Glitnir ... [Published IceNews - Daily News - May 22 2013]
First reported May 21 2013 - Updated May 21 2013 - 2 reports

Iceland’s post-Crisis economy: A myth or a miracle?

Icelandic voters recently ejected its post-Crisis government – a government that successfully avoided economic collapse when the odds were stacked against it. The new government comprises the same parties that were originally responsible for the Crisis. ... [Published VOX - May 21 2013]
First reported Jan 29 2013 - Updated Jan 29 2013 - 2 reports

Saga ends with Icesave redemption

The ruling is a victory for law and economic sense, and vindicates Iceland’s policy over that of the rest of Europe’s ... [Published FT.com - Companies, Europe - Jan 29 2013]
First reported Jan 28 2013 - Updated Jan 29 2013 - 4 reports

Iceland's 'Icesave' Deposit Victory Slams Door On European Deposit Insurance Hopes

In yet another victory for not bowing to the great-and-good of modern orthodoxy, Iceland has won a court ruling that enables it to repay billions of Euros (in failed bank deposits to the UK and Holland) on its own terms . Icesave collapsed in 2008 and ... [Published Zero Hedge - Jan 28 2013]
First reported Jan 28 2013 - Updated Jan 29 2013 - 2 reports

Icesave ruling raises important moral hazard questions | Simon Bowers

Revised EU rules are urgently required after court decides in favour of Iceland's refusal to repay savings lost in the bank The Icesave spat between London and Reykjavik is finally over. For four and a half years lawyers from both sides have tested ... [Published Guardian.co.uk - Business Blog - Jan 28 2013]
First reported Jan 28 2013 - Updated Jan 28 2013 - 6 reports

Iceland wins surprise Icesave victory

Reykjavik victorious in compensation tussle with UK and Netherlands over honouring deposit guarantees for savers in high-interest accounts ... [Published FT.com - International economy - Jan 28 2013]

Quotes

"The homes will probably feel the difference right away because of various measures that will be implemented and some of them will be decided right away during the summer parliament" Gunnlaugsson told the online edition of daily Morgunbladid after taking office
OECD (2013) "Crisis squeezes income and puts pressure on inequality and poverty" , oecd.org
...As I wrote two years ago in the Guardian, after leaving the department of state, " actions can be legal and still not smart ". The external costs to American public diplomacy of keeping Manning on the global stage now outweigh any additional benefit from further legal action. The longer the case goes on, the greater the opportunity for international rivals to make propaganda hay at America's expense. After a recent appearance on RT, Russia's English language broadcast network, it was clear how Moscow, having been stung by the Sergei Magnitsky case , was happy to return fire through both Bradley Manning and Guantánamo."
JPMorgan's Alex White writes in a note to clients, "It is difficult to over-state the extent of popular anger in Cyprus over the bailout deal which was pulled together on Friday evening."

More Content

All (51) | News (34) | Reports (0) | Blogs (17) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Iceland celebrates independence day [Published mbl.is - Jun 17 2013]
Iceland celebrates independence day [Published IceNews - Daily News - Jun 17 2013]
RPT-Fitch: Deposit set-off risk remote for SF &... [Published London South East - Jun 13 2013]
[Irish Economy] Why Ireland should look to Icel... [Published Boards.ie - Jun 05 2013]
ASK TONY: Halifax lost my £100,000 in transit ?... [Published Mail Online UK - Jun 05 2013]
Back To Normal [Published Rekjavik Grapevine - May 27 2013]
President of Iceland calls for scrutiny of econ... [Published mbl.is - May 25 2013]
President of Iceland calls for scrutiny of econ... [Published IceNews - Daily News - May 25 2013]
Jóhanna Sigurðardóttir Does A Little, Farewell ... [Published Rekjavik Grapevine - May 24 2013]
Icelands new government to take office [Published Daily Times - May 24 2013]
Iceland’s Landsbankinn First Quarter Profit Ris... [Published Bloomberg - May 23 2013]
Iceland's new government takes office [Published Yahoo Philippines News - May 23 2013]
Iceland's new government to take office [Published Times of Oman - May 23 2013]
Iceland's new government to take office [Published Focus Bulgaria - May 23 2013]
Overseas creditors might have to accept losses [Published IceNews - Daily News - May 22 2013]
Iceland’s post-Crisis economy: A myth or a mira... [Published VOX - May 21 2013]
Iceland’s post-Crisis economy: A myth or a mira... [Published naked capitalism - May 21 2013]
Real democracy still missing [Published open Democracy News Analysis - - May 17 2013]
Iceland’s Election: What does it mean for the A... [Published Foreign Policy BlogsForeign Policy Blogs | The ... - Apr 29 2013]
Iceland's election: voters fear the EU more tha... [Published Comment is free | guardian.co.uk - Apr 26 2013]
Icelandic MP Birgitta Jonsdottir, During Visit,... [Published Firedoglake - Apr 07 2013]
Deposit insurance after Iceland and Cyprus [Published Credit Writedowns - Apr 07 2013]
Don't make a martyr of Bradley Manning [Published Comment is free | guardian.co.uk - Apr 03 2013]
Cyprus: Some Early Lessons [Published blogs.worldbank.org - Mar 28 2013]
JPMORGAN: Europe May Have Just 'Bazookaed Itsel... [Published Clusterstock - Mar 17 2013]
JPMorgan Asks "Has Europe Bazookaed Itself In T... [Published Zero Hedge - Mar 17 2013]
Lee Buchheit, fairy godmother to finance minist... [Published Guardian.co.uk - Mar 12 2013]
Foreign Creditors are Foreigners; the Icesave case [Published Law in Action - Feb 25 2013]
The Icesave ruling: In the cooler [Published The Economist - Finance & Economics - Jan 31 2013]
The Icesave conflict: Iceland did not break the... [Published Nordic Labour Journal News - Jan 31 2013]
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Blogs

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Iceland’s post-Crisis economy: A myth or a mira... [Published naked capitalism - May 21 2013]
Jon Danielsson, Director of the ESRC funded Systemic Risk Centre, London School of Economics. When the Global Crisis struck in September 2008, all eyes were on the US (Eichengreen and Baldwin 2008). Iceland, however, was the first country to really ...
Iceland’s Election: What does it mean for the A... [Published Foreign Policy BlogsForeign Policy Blogs | The ... - Apr 29 2013]
A new era in Icelandic politics. (c) Mia Bennett On Saturday’s parliamentary elections in Iceland, two center-right parties seized power from the incumbent Social Democrats. Iceland Review  states that the Independence Party won a reported 28.5 ...
Iceland's election: voters fear the EU more tha... [Published Comment is free | guardian.co.uk - Apr 26 2013]
So much for the people's revolt. Icelanders are primed to return to power the very parties that led them to economic meltdown Here in Iceland, we are no strangers to catastrophe. All our banks collapse, the economy melts down, there is a political ...
Icelandic MP Birgitta Jonsdottir, During Visit,... [Published Firedoglake - Apr 07 2013]
On April 3, Icelandic parliamentarian Birgitta Jonsdottir arrived in the United States. It was her first visit since she helped WikiLeaks release the “Collateral Murder” video showing a 2007 Apache helicopter attack by US forces in Iraq, and it coincided ...
Deposit insurance after Iceland and Cyprus [Published Credit Writedowns - Apr 07 2013]
By Anne Sibert Depositors in Eurozone banks are facing a steep learning curve on just exactly what deposit insurance means. This column points out that the precedents set in Cyprus and Iceland show that deposit insurance is only a legal commitment ...
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