Knowledge (XXG)

Kaupthing Bank

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711:) took control over the Finnish branch to prevent funds being transferred to Iceland. It has said that it believes that no one will lose their money. Finnish branch paid all its liabilities to its customers with debt it got from three major Finnish banks. The Finnish branch then liquidated all of its assets and paid back debt to the Finnish banks. According to Finnish authorities, Kaupthing Edge ended its operations in Finland on 30 January 2009. 742:'s Special Prosecutor's Office into the collapse of Kaupthing. However, on 22 December 2011 the SFO and the Treasury Solicitors Department (TSoI) admitted factual errors in the information used to obtain the warrants against Consensus Business Group and Vincent Tchenguiz; stated that the warrants should be quashed; and that material seized under the warrants would be returned that day. Furthermore, the SFO offered to pay reasonable legal costs. 766: 40: 203: 608:– available since March 2008; 30,000 depositors in Germany are still awaiting repayment of their deposits by the bank. Kaupthing Bank Liquidation Committee has announced that it has secured funds to repay German depositors. German depositors started to get their money back on 22 June and are to be paid in full. 749:
On 12 December 2013, four former bosses from the bank were sentenced to between three and five-and-a-half years in jail. They are the former chief executive, the former chairman of the board, one of the majority owners and the former chief executive of the Luxembourg branch. The court sentenced them
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Kaupthing Edge accounts were protected within the EU by compulsory depositors protection schemes. These schemes are financed by a levy on the respective countries financial industry. In the case of the UK, the government would forward a loan to the scheme against future increased payments in case of
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Established in 1982 as a small agency for financial advisory and securities brokerage, Kaupthing became a major player in the changes in the Icelandic financial market, continually setting trends and being one of the five founding partners of the Icelandic Stock Exchange. In the mid-1990s, Kaupthing
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has made available an internal document from Kaupthing Bank from just prior to the collapse of Iceland's banking sector, which led to the 2008–2009 Icelandic financial crisis. The document shows that suspiciously large sums of money were loaned to various owners of the bank, and large debts written
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On 8 October 2008, the UK's FSA transferred the UK deposit accounts to ING. In its statement, "The FSA has determined that Kaupthing Singer & Friedlander no longer meets its threshold conditions, and is likely to be unable to continue to meet its obligations to depositors ... The FSA concluded
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Kaupthing Edge was a pan-European retail deposit-taking brand. The purpose of the brand was to diversify liabilities on the Kaupthing balance sheet by currency, customer type (personal/retail) and country. Kaupthing Edge offered two deposit products: a savings account and a fixed-term deposit
427:, Kaupthing was listed on the Icelandic Stock Exchange in October 2000, at which point the original owners of the bank, the savings banks in Iceland, reduced their holdings, and individuals and institutional investors replaced them as shareholders. Kaupthing Bank shares were listed on the 745:
March 2013 saw the opening of new prosecutions in ReykjavĂ­k against the bank's former chairman and other leading employees for "orchestrating five large-scale market manipulation conspiracies", in what was the largest prosecution related to the 2008 Icelandic financial crisis so far.
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The pair was charged with putting in offers to buy Exista shares six times in January and February last year shortly before the close of business, so that the offers would affect the end-of-day value of Exista shares. The charges were of submitting false purchase enquiries and of
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2007 Kaupthing hf acquired Derbyshire Offshore, the Isle of Man subsidiary of Derbyshire Building Society, continuing Derbyshire Offshore's irrevocable and binding guarantee for all depositors funds in the new subsidiary, Kaupthing, Singer and Friedlander (Isle of Man)
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placed that bank into government control. Due to the crisis throughout the Icelandic financial system, all trading in the country's equity markets was suspended on 13 October 2008. The events were followed by the collapse of Iceland's banking sector, which led to the
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exposed a confidential 210-page document listing Kaupthing's exposure to loans ranging from 45 million to 1.25 billion euros. The leaked presentation revealed that the bank had loaned billions of euros to its major shareholders, including a total of €1.43 billion to
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On 12 February 2015, the Supreme Court upheld the 2013 verdicts. In addition, the sentences for majority owner, Ólafur Ólafsson, and MagnĂșs GuĂ°mundsson, former chief executive of the Luxembourg branch, were lengthened to 4.5 years in prison.
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off. Kaupthing's lawyers have threatened WikiLeaks with legal action, citing banking privacy laws. The leak has caused an uproar in Iceland and may result in criminal charges against the individuals involved.
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On 9 December 2009, Daniel Thordarsson, former asset manager, and Stefnir Ingi Agnarsson, former stock broker, both of Kaupthing Hf, were sentenced to eight-month prison terms by the Reykjavik District Court.
296:. All the non-Icelandic assets and debts remained with the now defunct Kaupthing Bank. Prior to its collapse, it also allegedly loaned money to various parties with the purpose of buying Kaupthing shares. 1996: 1862: 564:
customers could choose a third product which was a current account. Kaupthing Edge savings and fixed-term deposit accounts were managed over the Internet with the support of telephone call centers.
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to five and half years, five years, three years and three and half years respectively in jail. These are the heaviest sentences for financial fraud in Iceland's history. The verdict was appealed.
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scheme with respect to the Geneva branch of Kaupthing Bank Luxembourg. EKB requested customers of that branch to contact them so that compensation of up to 30,000 Swiss francs could be paid.
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took control of Kaupthing after the resignation of the entire board of directors. This came about when "Britain transferred control of the business of Kaupthing Edge, its Internet bank, to
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News: Based on New Legislation, the Icelandic Financial Supervisory Authority (FME) Proceeds to take Control of Kaupthing to ensure Continued Commercial Bank Operations in Iceland
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took control of the bank. The domestic operations of the bank were spun off as a new bank and continue to operate; the rest of the bank, although never technically declared
1852: 951: 592:– available since January 2008, all accounts were frozen on 9 October 2008. The amount above €20,000 came available after a takeover by Keytrade bank on 29 March 2009. 539:
2007–2008 Kaupthing launches internet based Kaupthing Edge in the UK, Belgium, Norway, Germany, Finland, Sweden, Luxembourg, the Isle of Man, Austria and Switzerland.
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2007 Kaupthing acquired a 20% stake in New Delhi-based Indian investment services company Finoble Advisors with an option to buy the remaining 80% in five years' time
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2003 Kaupthing merges with BĂșnaĂ°arbanki Íslands to form Kaupthing Bank, Tyren acquired in Norway, Norvestia acquired in Finland, Kaupthing Limited opened in the UK
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and put Kaupthing's UK operations into administration", placing Kaupthing in technical default according to loan agreements. The prime minister of Iceland,
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and number 177 (up by 34 places from 2005) on the list of the world's largest banks composed annually by the international finance magazine
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2007 Kaupthing buys Dutch merchant bank NIBC for €3 billion; as of late January 2008, Kaupthing decided to cancel the acquisition of NIBC
1540: 1535: 1938: 1390: 389:, but the name was changed as the former name was considered too unwieldy for most people. From 2003 to 2006 the company used the name 2212: 2053: 420:
widened its focus to include opportunities abroad, and becoming the first Icelandic financial institution to operate outside Iceland.
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for its network of high-street banks. It was announced that the change was part of the bank's plan to operate under the same name.
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in Iceland. As of 31 December 2007, the bank had a total assets of €58.3 billion. In 2006, it ranked at number 1,006 on the
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originated outside Iceland (33% in Iceland, 31% in the UK, 26% in Scandinavia, 8% in Luxembourg and 2% in other countries).
344:. That year Kaupthing Bank had net earnings of €812 million, compared with €986 million in 2006. About 70% of the 1953: 1887: 1788: 1589: 1235: 977: 929: 1340: 1872: 1684: 1005: 547: 1507: 904: 574:– available since October 2007; liabilities taken over by the Finnish Financial Supervision Authority on 9 October 2008 1465: 819: 363:, obtained a moratorium on payments from the District Court of ReykjavĂ­k and has been suspended from trading in the 1658: 542:
2008 The UK business of Kaupthing Edge, covering ÂŁ2.5 billion in deposits and 160,000 customers, is taken over by
2222: 2068: 1978: 1646: 1619: 632:– available since September 2008; accounts frozen on 9 October, accounts transferred to other banks on 29 October 1069: 2063: 1818: 1694: 1582: 1316: 428: 299:
Prior to its collapse, Kaupthing Bank operated in thirteen countries, including all the Nordic countries, the
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By 9 October 2008, Kaupthing Bank HF was forced into government receivership, only days after a crisis at
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for its retail operations in Iceland. In December 2006, however, the bank started using the old name of
2166: 586:– available since January 2008; liabilities taken over by the Norwegian government on 12 October 2008 498: 1190:
The Kaupthing Singer & Friedlander Limited Transfer of Certain Rights and Liabilities Order 2008
693:, has stated that the British government brought down Kaupthing unnecessarily by abusing its power. 2126: 2058: 464: 222: 159: 1452: 2108: 2084: 1742: 1715: 335: 272: 260: 163: 1545: 626:– available since June 2008; in liquidation from 17 November 2008. Depositors partially repaid. 2153: 731: 701: 1094: 727: 580:– available since November 2007; accounts closed and all deposits repaid by 20 October 2008. 345: 331: 491:
2002 Aragon acquired in Sweden, JP Nordiska acquired in Sweden, AuĂ°lind acquired in Iceland
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2001 Kaupthing Bank Copenhagen opened, Kaupthing Lausanne opened, Sofi acquired in Finland
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2000 Kaupthing Faroe Islands opened, Kaupthing New York opened, Kaupthing Stockholm opened
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that KSF is in default for the purposes of the Financial Services Compensation Scheme".
2017: 1963: 1747: 1549: 779: 595: 408: 316: 50: 1189: 888: 2191: 1732: 1727: 1710: 324: 320: 645: 476:
1930 BĂșnaĂ°arbanki Íslands (English: Agricultural Bank of Iceland) founded in Iceland
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http://pitchengine.com/vincenttchenguiz/sfo-climbs-down-in-vincent-tchenguiz-case
1267: 2096: 1737: 1431:"Robert and Vincent Tchenguiz arrested in Iceland probe", BBC News, 9 March 2011 690: 623: 617: 312: 300: 293: 114: 1495: 1430: 981: 937: 524:
2007 Kaupthing buys Belgian private banking and asset management operations of
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In November 2009, the bank's successor ("New Kaupthing") changed its name to
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Bank, for an unspecified amount, further strengthening its position in the
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Financial Crisis in Iceland: The Icelandic Government Information Center
1484:"Icelandic bank Kaupthing's top executives indicted over market rigging" 1148:"Alla kunder i Kaupthing Edge i Sverige har fÄtt sina pengar utbetalda" 739: 629: 605: 589: 571: 561: 529: 304: 281: 129: 1095:
Kaupthing Bank Luxembourg acquires Robeco Bank Belgium (Press Release)
1006:"Confidential Kaupthing corporate loan details leaked on the internet" 901:"Three Icelandic Banks among top 300 in World (Iceland Review Online)" 288:
and the domestic Icelandic-based operations were spun into a new bank
1406:"Kaupthing's loan book exposed and an injunction ordered against RÚV" 1073: 656: 583: 577: 525: 452: 446:
On 31 July 2009, internal documents from Kaupthing Bank were leaked:
598:– available since February 2008; accounts transferred to Dutch bank 511:
2006 Kaupthing Limited merges with Singer & Friedlander to form
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Kaupthing Singer Friedlander Depositors Action Group Site Oct 2008
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List of banks acquired or bankrupted during the Great Recession
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account. Both were straightforward high-interest products. In
1070:"2007 Kaupthing opens Middle East offices in Dubai and Qatar" 276:) was a major international Icelandic bank, headquartered in 1522: 1442:"Tchenguiz brothers arrested in SFO Kaupthing investigation" 248: 1527: 1236:"Österreichische Kaupthing-Kunden erhalten ihr Geld zurĂŒck" 284:. It was taken over by the Icelandic government during the 663:) acquired a 12% stake of Kaupthing Bank in October 2002. 1863:
Dodd–Frank Wall Street Reform and Consumer Protection Act
1293:. Kaupthing press release. 9 October 2008. Archived from 1123:(in Finnish). Kauppalehti. 9 October 2008. Archived from 738:
as part of its ongoing investigation in conjunction with
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Kaupthing Edge was available in ten countries in Europe:
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Deposit Protection of Swiss Banks and Securities Dealers
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Press release: Kaupthing Bank turns to the Icelandic FSA
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The bank had employed over 3,300 people with 36 retail
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National fiscal policy response to the Great Recession
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The World's Biggest Public Companies (Forbes Magazine)
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Outside Iceland, the bank is known as Kaupthing Bank.
1317:"Shellshocked Iceland takes control of biggest bank" 2119: 2077: 2034: 2005: 1987: 1926: 1901: 1838: 1756: 1703: 1667: 1612: 244: 231: 213: 193: 135: 121: 110: 102: 84: 66: 56: 46: 2093:(Europe, Middle East and North Africa, Asia; 2009) 1169:"Norway takes charge of Kaupthing's Norwegian arm" 1031:Kaupthing buys NIBC for €3 billion (Times Online) 707:In Finland, the Financial Supervision Authority ( 930:"The Financial Supervisory Authority – Iceland, 847:"Iceland's financial avalanche turns on bankers" 106:Government custodianship, moratorium on payments 1257:SPRON sells 12% of Kaupthing Bank to Meidur ehf 1944:American Recovery and Reinvestment Act of 2009 1809:Office of Federal Housing Enterprise Oversight 1590: 1146:Kaupthing Bank Sverige AB (20 October 2008). 1044:"Icelandic raider Kaupthing moves into India" 353:major banking and financial crisis in Iceland 8: 1868:Emergency Economic Stabilization Act of 2008 1464:SFO climbs down in Vincent Tchenguiz case – 1408:. The Iceland Weather Report. Archived from 455:and subsidiaries which own 23% of the bank. 32: 858: 856: 2002: 1959:Fraud Enforcement and Recovery Act of 2009 1898: 1883:Term Asset-Backed Securities Loan Facility 1828: 1597: 1583: 1575: 1508:Iceland jails former Kaupthing bank bosses 1121:"Suomen Kaupthing jatkaa – "toistaiseksi"" 31: 2139:Effects of the Great Recession on museums 1969:Housing and Economic Recovery Act of 2008 1853:China–Japan–South Korea trilateral summit 1560:Kaupthing IoM Depositors Memorial Website 323:. It was the seventh-largest bank in the 1833:Government policy and spending responses 1799:Government National Mortgage Association 1238:(in German). Die Presse. 29 October 2008 814: 812: 810: 1893:2008 United Kingdom bank rescue package 806: 550:closed its London centre of operations. 734:, were arrested in London by the UK's 482:1998 Kaupthing Luxembourg, S.A. opened 1878:Temporary Liquidity Guarantee Program 1848:Banking (Special Provisions) Act 2008 1769:Federal Deposit Insurance Corporation 1496:"Former Icelandic bank bosses jailed" 1115: 1113: 952:"KB banki verĂ°ur KaupĂŸing (visir.is)" 924: 922: 497:2004 A. Sundvall acquired in Norway, 479:1982 Kaupthing hf. founded in Iceland 271: 7: 1764:Consumer Financial Protection Bureau 994:Bank Run at Kaupthing forces seizure 700:) began proceedings under the Swiss 673:2008–2011 Icelandic financial crisis 441:2008–2011 Icelandic financial crisis 286:2008–2011 Icelandic financial crisis 2054:Collateralized mortgage obligations 1565:Isle of Man site for Kaupthing Edge 471:Acquisitions, mergers, subsidiaries 327:in terms of market capitalization. 1268:Kaupthing Singer & Friedlander 513:Kaupthing Singer & Friedlander 378:In Iceland, its official name was 25: 2149:2007–2008 world food price crisis 1949:Chinese economic stimulus program 1934:2008 European Union stimulus plan 1858:Commercial Paper Funding Facility 292:, which was subsequently renamed 2177:List of countries by public debt 1804:National Asset Management Agency 1042:Lindsay, Robert (18 June 2007). 936:. 9 October 2008. Archived from 822:. Kaupthing Bank. Archived from 764: 698:Swiss Federal Banking Commission 385:Formerly, its official name was 202: 201: 38: 2228:Privatised companies in Iceland 2132:2008 Central Asia energy crisis 2049:Collateralized debt obligations 1150:(Press release). Archived from 1004:Bowers, Simon (4 August 2009). 683:Financial Supervisory Authority 357:Financial Supervisory Authority 351:On 9 October 2008, following a 2203:2012 establishments in Iceland 2198:1930 establishments in Iceland 1939:2008–2009 Keynesian resurgence 1784:Federal Housing Finance Agency 1779:Federal Housing Administration 1536:Company Profile September 2008 1: 1954:Economic Stimulus Act of 2008 1888:Troubled Asset Relief Program 1814:Office of Financial Stability 1789:Federal Housing Finance Board 1723:SociĂ©tĂ© GĂ©nĂ©rale trading loss 1486:, The Guardian 19 March 2013. 845:Dey, Iain (28 October 2009). 2218:Banks disestablished in 2008 1873:Irish emergency budget, 2009 620:– available since April 2008 614:– available since April 2008 548:Financial Services Authority 27:International Icelandic bank 1363:. Retrieved 9 October 2008 72:; 94 years ago 2244: 2172:2007–2008 financial crisis 2064:Mortgage-backed securities 1675:Automotive industry crisis 1351:. Retrieved 9 October 2008 1171:. Reuters. 12 October 2008 696:On the same day, the EBK ( 670: 2213:Banks established in 1930 2162: 2069:Secondary mortgage market 1990:rescues, and acquisitions 1988:Government interventions, 1979:Zero interest-rate policy 1827: 1690:Housing market correction 1319:. Reuters. 9 October 2008 117:(Icelandic business only) 37: 2087:(United States; c. 2009) 1819:UK Financial Investments 1704:Banking losses and fraud 1695:Subprime mortgage crisis 1680:California budget crisis 1546:Kaupthing Bank companies 1273:11 December 2008 at the 978:"Welcome to bankrun.us!" 667:Government takes control 506:Singer & Friedlander 465:share price manipulation 429:Stockholm Stock Exchange 423:Under the leadership of 387:KaupĂŸing BĂșnaĂ°arbanki hf 269:Icelandic pronunciation: 2105:(worldwide; 2011–2012) 2044:Auction rate securities 1774:Federal Home Loan Banks 1498:, BBC 12 December 2013. 1471:29 October 2013 at the 1343:12 October 2008 at the 1195:13 October 2008 at the 795:Central Bank of Iceland 681:On 9 October 2008, the 407:The "ĂŸ" character is a 1794:Federal Reserve System 1668:United States-specific 365:Iceland Stock Exchange 273:[ˈkÊ°Ć“yːpˌξiƋk] 264: 142:HreiĂ°ar MĂĄr SigurĂ°sson 90:; 15 years ago 2144:Decline of newspapers 2091:2009 May Day protests 2037:and financial markets 1927:Stimulus and recovery 2167:European debt crisis 2059:Credit default swaps 2035:Securities involved 1841:stability and reform 1447:15 July 2011 at the 1154:on 20 December 2008. 907:on 27 September 2007 820:"Annual Report 2007" 736:Serious Fraud Office 640:Kaupthing Edge is a 2127:2000s energy crisis 1839:Banking and finance 1757:Government entities 940:on 14 October 2008. 501:acquired in Denmark 233:Number of employees 88:9 October 2008 34: 2109:Occupy Wall Street 2085:Tea Party protests 1743:Scott W. Rothstein 1541:2007 Annual Report 1297:on 12 October 2008 1216:on 6 November 2008 1210:"Kaupthing Geneva" 1076:on 9 November 2007 659:(later renamed to 508:acquired in the UK 425:SigurĂ°ur Einarsson 336:Forbes Global 2000 188:in United Kingdom) 180:Ármann Þorvaldsson 154:SigurĂ°ur Einarsson 33:KaupĂŸing banki hf. 2185: 2184: 2154:Retail apocalypse 2099:(MENA; 2010–2012) 2030: 2029: 2026: 2025: 1922: 1921: 1902:Bank stress tests 1412:on 30 August 2010 1361:Einlagensicherung 1338:Einlagensicherung 1287:"Kaupthing Bank, 984:on 5 October 2011 826:on 9 October 2008 732:Vincent Tchenguiz 730:and his brother, 726:On 9 March 2011, 709:Rahoitustarkastus 702:deposit insurance 602:on 8 October 2008 380:KaupĂŸing Banki hf 254: 253: 249:www.kaupthing.com 240: 227: 209: 189: 177: 169:IngĂłlfur Helgason 167: 151: 16:(Redirected from 2235: 2223:Banks of Iceland 2078:Social responses 2003: 1899: 1829: 1599: 1592: 1585: 1576: 1532: 1528:Official website 1523:Official website 1510: 1505: 1499: 1493: 1487: 1481: 1475: 1462: 1456: 1439: 1433: 1428: 1422: 1421: 1419: 1417: 1401: 1395: 1394: 1387: 1381: 1380: 1373: 1367: 1366: 1358: 1352: 1335: 1329: 1328: 1326: 1324: 1313: 1307: 1306: 1304: 1302: 1283: 1277: 1265: 1259: 1254: 1248: 1247: 1245: 1243: 1232: 1226: 1225: 1223: 1221: 1212:. 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Archived from 860: 851: 850: 842: 836: 835: 833: 831: 816: 774: 769: 768: 767: 728:Robert Tchenguiz 346:operating profit 325:Nordic countries 275: 270: 238: 225: 218: 207: 205: 204: 183: 171: 157: 145: 98: 96: 91: 80: 78: 73: 42: 35: 21: 2243: 2242: 2238: 2237: 2236: 2234: 2233: 2232: 2188: 2187: 2186: 2181: 2158: 2115: 2103:Occupy movement 2073: 2036: 2022: 2001: 1989: 1983: 1918: 1897: 1840: 1834: 1823: 1752: 1699: 1663: 1608: 1606:Great Recession 1603: 1530: 1519: 1514: 1513: 1506: 1502: 1494: 1490: 1482: 1478: 1473:Wayback Machine 1463: 1459: 1449:Wayback Machine 1440: 1436: 1429: 1425: 1415: 1413: 1403: 1402: 1398: 1391:"Taloussanomat" 1389: 1388: 1384: 1375: 1374: 1370: 1364: 1359: 1355: 1345:Wayback Machine 1336: 1332: 1322: 1320: 1315: 1314: 1310: 1300: 1298: 1285: 1284: 1280: 1275:Wayback Machine 1266: 1262: 1255: 1251: 1241: 1239: 1234: 1233: 1229: 1219: 1217: 1208: 1207: 1203: 1197:Wayback Machine 1188: 1184: 1174: 1172: 1167: 1166: 1162: 1156: 1145: 1144: 1140: 1130: 1128: 1127:on 16 July 2011 1119: 1118: 1111: 1104: 1100: 1093: 1089: 1079: 1077: 1068: 1067: 1063: 1053: 1051: 1041: 1040: 1036: 1029: 1025: 1015: 1013: 1003: 1002: 998: 987: 985: 976: 975: 971: 961: 959: 958:on 4 March 2016 950: 949: 945: 928: 927: 920: 910: 908: 899: 898: 894: 887: 883: 873: 871: 870:on 6 April 2008 862: 861: 854: 844: 843: 839: 829: 827: 818: 817: 808: 803: 785:Icesave dispute 770: 765: 763: 760: 724: 722:Related arrests 675: 669: 654: 557: 473: 417: 373: 268: 234: 214: 198: 182: 178: 170: 168: 156: 152: 144: 138: 94: 92: 89: 76: 74: 71: 28: 23: 22: 15: 12: 11: 5: 2241: 2239: 2231: 2230: 2225: 2220: 2215: 2210: 2205: 2200: 2190: 2189: 2183: 2182: 2180: 2179: 2174: 2169: 2163: 2160: 2159: 2157: 2156: 2151: 2146: 2141: 2136: 2135: 2134: 2123: 2121: 2120:Related topics 2117: 2116: 2114: 2113: 2112: 2111: 2100: 2094: 2088: 2081: 2079: 2075: 2074: 2072: 2071: 2066: 2061: 2056: 2051: 2046: 2040: 2038: 2032: 2031: 2028: 2027: 2024: 2023: 2021: 2020: 2018:General Motors 2015: 2009: 2007: 2000: 1999: 1993: 1991: 1985: 1984: 1982: 1981: 1976: 1971: 1966: 1964:Green New Deal 1961: 1956: 1951: 1946: 1941: 1936: 1930: 1928: 1924: 1923: 1920: 1919: 1917: 1916: 1911: 1905: 1903: 1896: 1895: 1890: 1885: 1880: 1875: 1870: 1865: 1860: 1855: 1850: 1844: 1842: 1836: 1835: 1832: 1825: 1824: 1822: 1821: 1816: 1811: 1806: 1801: 1796: 1791: 1786: 1781: 1776: 1771: 1766: 1760: 1758: 1754: 1753: 1751: 1750: 1748:Allen Stanford 1745: 1740: 1735: 1730: 1725: 1720: 1719: 1718: 1707: 1705: 1701: 1700: 1698: 1697: 1692: 1687: 1685:Housing bubble 1682: 1677: 1671: 1669: 1665: 1664: 1662: 1661: 1656: 1655: 1654: 1644: 1639: 1638: 1637: 1632: 1622: 1616: 1614: 1610: 1609: 1604: 1602: 1601: 1594: 1587: 1579: 1573: 1572: 1567: 1562: 1557: 1552: 1550:OpenCorporates 1543: 1538: 1533: 1531:(in Icelandic) 1525: 1518: 1517:External links 1515: 1512: 1511: 1500: 1488: 1476: 1457: 1455:, 9 March 2011 1434: 1423: 1396: 1382: 1379:. August 2023. 1368: 1353: 1330: 1308: 1278: 1260: 1249: 1227: 1201: 1182: 1160: 1138: 1109: 1106:Kaupthing Edge 1098: 1087: 1061: 1034: 1023: 996: 969: 943: 918: 892: 881: 852: 837: 805: 804: 802: 799: 798: 797: 792: 787: 782: 776: 775: 759: 756: 723: 720: 671:Main article: 668: 665: 653: 650: 634: 633: 627: 621: 615: 609: 603: 596:United Kingdom 593: 587: 581: 575: 556: 555:Kaupthing Edge 553: 552: 551: 540: 537: 533: 522: 519: 516: 509: 502: 495: 492: 489: 486: 483: 480: 477: 472: 469: 416: 413: 372: 369: 317:United Kingdom 265:KaupĂŸing banki 257:Kaupthing Bank 252: 251: 246: 242: 241: 235: 232: 229: 228: 219: 211: 210: 199: 194: 191: 190: 139: 136: 133: 132: 123: 119: 118: 112: 108: 107: 104: 100: 99: 86: 82: 81: 68: 64: 63: 58: 54: 53: 48: 44: 43: 26: 24: 18:Kaupthing Edge 14: 13: 10: 9: 6: 4: 3: 2: 2240: 2229: 2226: 2224: 2221: 2219: 2216: 2214: 2211: 2209: 2208:Bank failures 2206: 2204: 2201: 2199: 2196: 2195: 2193: 2178: 2175: 2173: 2170: 2168: 2165: 2164: 2161: 2155: 2152: 2150: 2147: 2145: 2142: 2140: 2137: 2133: 2130: 2129: 2128: 2125: 2124: 2122: 2118: 2110: 2107: 2106: 2104: 2101: 2098: 2095: 2092: 2089: 2086: 2083: 2082: 2080: 2076: 2070: 2067: 2065: 2062: 2060: 2057: 2055: 2052: 2050: 2047: 2045: 2042: 2041: 2039: 2033: 2019: 2016: 2014: 2011: 2010: 2008: 2004: 1998: 1995: 1994: 1992: 1986: 1980: 1977: 1975: 1972: 1970: 1967: 1965: 1962: 1960: 1957: 1955: 1952: 1950: 1947: 1945: 1942: 1940: 1937: 1935: 1932: 1931: 1929: 1925: 1915: 1912: 1910: 1907: 1906: 1904: 1900: 1894: 1891: 1889: 1886: 1884: 1881: 1879: 1876: 1874: 1871: 1869: 1866: 1864: 1861: 1859: 1856: 1854: 1851: 1849: 1846: 1845: 1843: 1837: 1830: 1826: 1820: 1817: 1815: 1812: 1810: 1807: 1805: 1802: 1800: 1797: 1795: 1792: 1790: 1787: 1785: 1782: 1780: 1777: 1775: 1772: 1770: 1767: 1765: 1762: 1761: 1759: 1755: 1749: 1746: 1744: 1741: 1739: 1736: 1734: 1733:Bernie Madoff 1731: 1729: 1728:Forex scandal 1726: 1724: 1721: 1717: 1714: 1713: 1712: 1711:Libor scandal 1709: 1708: 1706: 1702: 1696: 1693: 1691: 1688: 1686: 1683: 1681: 1678: 1676: 1673: 1672: 1670: 1666: 1660: 1657: 1653: 1650: 1649: 1648: 1645: 1643: 1640: 1636: 1635:South America 1633: 1631: 1630:United States 1628: 1627: 1626: 1623: 1621: 1618: 1617: 1615: 1611: 1607: 1600: 1595: 1593: 1588: 1586: 1581: 1580: 1577: 1571: 1568: 1566: 1563: 1561: 1558: 1556: 1553: 1551: 1547: 1544: 1542: 1539: 1537: 1534: 1529: 1526: 1524: 1521: 1520: 1516: 1509: 1504: 1501: 1497: 1492: 1489: 1485: 1480: 1477: 1474: 1470: 1467: 1461: 1458: 1454: 1450: 1446: 1443: 1438: 1435: 1432: 1427: 1424: 1411: 1407: 1400: 1397: 1392: 1386: 1383: 1378: 1377:"Kauppalehti" 1372: 1369: 1362: 1357: 1354: 1350: 1346: 1342: 1339: 1334: 1331: 1318: 1312: 1309: 1296: 1292: 1290: 1282: 1279: 1276: 1272: 1269: 1264: 1261: 1258: 1253: 1250: 1237: 1231: 1228: 1215: 1211: 1205: 1202: 1198: 1194: 1191: 1186: 1183: 1170: 1164: 1161: 1153: 1149: 1142: 1139: 1126: 1122: 1116: 1114: 1110: 1107: 1102: 1099: 1096: 1091: 1088: 1075: 1071: 1065: 1062: 1049: 1045: 1038: 1035: 1032: 1027: 1024: 1011: 1007: 1000: 997: 983: 979: 973: 970: 957: 953: 947: 944: 939: 935: 933: 925: 923: 919: 906: 902: 896: 893: 890: 885: 882: 869: 865: 859: 857: 853: 848: 841: 838: 825: 821: 815: 813: 811: 807: 800: 796: 793: 791: 788: 786: 783: 781: 778: 777: 773: 762: 757: 755: 751: 747: 743: 741: 737: 733: 729: 721: 719: 716: 712: 710: 705: 703: 699: 694: 692: 688: 684: 679: 674: 666: 664: 662: 658: 651: 649: 647: 643: 638: 637:a shortfall. 631: 628: 625: 622: 619: 616: 613: 610: 607: 604: 601: 597: 594: 591: 588: 585: 582: 579: 576: 573: 570: 569: 568: 565: 563: 554: 549: 545: 541: 538: 534: 531: 527: 523: 520: 517: 514: 510: 507: 503: 500: 496: 493: 490: 487: 484: 481: 478: 475: 474: 470: 468: 466: 460: 456: 454: 449: 444: 442: 437: 432: 430: 426: 421: 414: 412: 410: 405: 403: 398: 396: 392: 388: 383: 381: 376: 370: 368: 366: 362: 358: 354: 349: 347: 343: 342: 337: 333: 328: 326: 322: 321:United States 318: 314: 310: 306: 302: 297: 295: 291: 290:New Kaupthing 287: 283: 279: 274: 266: 262: 258: 250: 247: 243: 236: 230: 224: 220: 217: 212: 206:€812 million 200: 197: 192: 187: 181: 175: 165: 161: 155: 149: 143: 140: 134: 131: 127: 124: 120: 116: 113: 109: 105: 101: 87: 83: 69: 65: 62: 59: 55: 52: 49: 45: 41: 36: 30: 19: 1503: 1491: 1479: 1460: 1453:PropertyMall 1437: 1426: 1414:. 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Retrieved 824:the original 772:Banks portal 752: 748: 744: 725: 713: 708: 706: 695: 680: 676: 660: 655: 646:cutting edge 639: 635: 566: 558: 461: 457: 445: 433: 422: 418: 406: 399: 394: 390: 386: 384: 379: 377: 374: 350: 339: 329: 298: 289: 256: 255: 216:Total assets 122:Headquarters 47:Company type 29: 2097:Arab Spring 2006:Non-banking 1738:Tom Petters 1548:grouped at 1365:(in German) 1220:18 November 1131:28 November 988:11 December 962:14 February 874:30 November 864:"Kaupthing" 691:Geir Haarde 624:Switzerland 618:Isle of Man 313:Switzerland 301:Netherlands 294:Arion Banki 176:in Iceland) 115:Arion banki 2192:Categories 1242:6 December 1175:12 October 1080:12 October 801:References 790:Landsbanki 687:ING Direct 612:Luxembourg 600:ING Direct 546:after the 544:ING Direct 436:Landsbanki 409:thorn/ĂŸorn 402:Arion Bank 341:The Banker 309:Luxembourg 196:Net income 137:Key people 95:2008-10-09 1716:Tom Hayes 1613:By region 1323:9 October 1301:9 October 1199:No. 2674. 1048:The Times 715:WikiLeaks 652:Ownership 642:word play 515:in the UK 448:WikiLeaks 431:in 2002. 278:ReykjavĂ­k 261:Icelandic 126:ReykjavĂ­k 111:Successor 2013:Chrysler 1625:Americas 1469:Archived 1445:Archived 1341:Archived 1271:Archived 1193:Archived 1050:. London 1016:8 August 1012:. London 758:See also 395:KaupĂŸing 391:KB banki 371:The name 361:bankrupt 332:branches 319:and the 160:Chairman 57:Industry 1659:Oceania 1652:Iceland 1416:31 July 911:12 July 780:Glitnir 740:Iceland 630:Austria 606:Germany 590:Belgium 572:Finland 562:Belgium 532:market. 530:Benelux 415:History 305:Belgium 282:Iceland 245:Website 223:billion 221:€58.34 162:of the 130:Iceland 93: ( 85:Defunct 75: ( 67:Founded 61:Banking 1647:Europe 1620:Africa 1404:Alda. 661:Exista 657:Meidur 584:Norway 578:Sweden 526:Robeco 453:Exista 355:, the 315:, the 239:(2007) 237:3,330 226:(2007) 208:(2007) 51:Public 1054:7 May 830:8 May 504:2005 164:board 1914:U.S. 1642:Asia 1418:2013 1325:2008 1303:2008 1244:2008 1222:2008 1177:2008 1133:2008 1082:2007 1056:2010 1018:2009 990:2010 964:2020 913:2006 876:2018 832:2008 644:on ' 536:Ltd. 103:Fate 77:1930 70:1930 648:'. 499:FIH 186:CEO 174:CEO 148:CEO 2194:: 1909:EU 1451:, 1347:. 1112:^ 1046:. 1008:. 921:^ 855:^ 809:^ 467:. 443:. 411:. 404:. 382:. 367:. 311:, 307:, 303:, 280:, 267:; 263:: 128:, 1598:e 1591:t 1584:v 1420:. 1393:. 1327:. 1305:. 1291:" 1246:. 1224:. 1179:. 1135:. 1084:. 1058:. 1020:. 992:. 966:. 934:" 915:. 878:. 849:. 834:. 259:( 184:( 172:( 166:) 158:( 150:) 146:( 97:) 79:) 20:)

Index

Kaupthing Edge

Public
Banking
Arion banki
ReykjavĂ­k
Iceland
HreiĂ°ar MĂĄr SigurĂ°sson
CEO
SigurĂ°ur Einarsson
Chairman
board
CEO
Ármann Þorvaldsson
CEO
Net income
Total assets
billion
www.kaupthing.com
Icelandic
[ˈkÊ°Ć“yːpˌξiƋk]
ReykjavĂ­k
Iceland
2008–2011 Icelandic financial crisis
Arion Banki
Netherlands
Belgium
Luxembourg
Switzerland
United Kingdom

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