Knowledge (XXG)

Landsbanki

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1122:
1:1 repayment with cash in pounds; meaning that the repayment to these creditors had an ISK-equivalent account value then being 1:1 proportional with the ISK/Pound-rate on 22 April 2009. Contrary to this, the creditors with claims in euros/US dollars also received cash in pounds - but now at a time when these currencies had lost value against pounds - and thus the ISK-equivalent account value then was stronger with the same percentage compared to what the currencies had weakened against the pound; meaning that the repayment to these creditors had an ISK-equivalent account-value then with a relatively higher value for the receivership than 1:1, because of repaying US dollar and euro claims with a relatively stronger Pound currency compared to the 22 April 2009 registered exchange rates. Or to put in different words, the receivership by conducting the second repayment three years later than 22 April 2009 actually gained some extra positive income through exchange rate improvements for the specific cash currency (pound) involved in this repayment tranch. The applied method to calculate ISK-equivalent account values for the repayments, is in full compliance with the supreme court ruling, saying that all creditors shall be repaid by cash amounts equal to their claim as per its denoted currency, so when repaid with other currencies, then the value of this shall be booked according to the currency exchange rate registered at the repayment date.
1177:, into a national household debt relief fund, enabling a 20% debt relief for all household mortgages. Experts from IMF however belief, that any potentially saved money from a negotiated deal, would be eaten up by the additional costs the government will need to pay in the short term, for implementing the abolishment of capital controls. In July 2013, Standard & Poors recommended Iceland drop the debt relief initiative, as they also believe it would only result in increased debt for the government - making it even more difficult to lend at credit markets, and the debt relief initiative was forecasted also to ignite high inflation pressures along with risk for the arrival of a new economic recession equal to a GDP detraction of 10%. The Icelandic government has appointed a task force to present proposals on how to achieve the government's goals, with a reporting deadline in November 2013. 1147:. As the current capital controls only ban a swap/exchange of ISK denominated assets to foreign currency, and as 97% of the Landsbanki receivership total assets are held only in foreign currency, this new Icelandic initiative will, however, most likely not affect the repayment scheme for the priority claim creditors in the Landsbanki receivership - who at the moment are forecasted to be fully repaid by the first 91.2% of the receivership assets. So even if the current capital controls remain in force at an indefinite time horizon, it will only be the last 3.2% of the assets (ISK 49/1531bn) that remain to be frozen or trapped in Iceland and can not be directly repaid, which then only would negatively impact the return rate for the creditors with general claims. 574:(including the already repaid part of the claims) covered ISK 1531bn (€9.1bn), which was above the total amount of the priority claims at ISK 1325bn (€7.8bn). The final overall value for the assets is however still subject to change, as the receivership for various reasons has been granted extra time to liquidate all remaining assets until 2018, at a pace equal to approximately ISK 100bn per year. Repayment to the creditors happens step by step at the same pace as the liquidation of assets happens. The repayments so far happened through four tranches in 2011–2013, which already included a full repayment of all minimum deposit guarantees, due to their first priority status within the "priority claims". As of 12 September 2013, the 563:
two claims amounts to ISK 1134.4bn (€6.704bn), which is equal to 86% of all "priority claims" towards the Landsbanki receivership. Among the other priority claims are also ISK 145.4bn deposit repayment claims (equal to 11% of all "priority claims"), submitted directly by more than 200 wholesale Icesave customers in the Netherlands and Great Britain, who initially received no repayment from their national authorities, but will now get repayment on equal terms - with equal priority status - from the
1216: 1166:, during the period 2014-2018. These specific repayment transfers are by some people speculated to be impossible, if the capital controls gets abolished, as such abolishment would be expected to drain the foreign capital reserves held by New Landsbanki; and thus a deal to remove capital controls is speculated will also need to imply a prolonged maturity (or repayment agreement) for these bonds. 762:
the currency mix being more or less equal when comparing the Claims with the held Assets, the risk for currency exchange losses is expected to be relatively low for the receivership. The table below provides an overview of the currency composition of the first 3 partial repayments and how currency exchange rates were at the time compared to 22 April 2009.
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when winding-up proceedings were initiated; which was as per 22 April 2009 for the Landsbanki receivership. Moreover, it was believed the creditors had no legal right to claim compensation towards the Landsbanki receivership for any potential losses they may suffer, because of exchange rate fluctuations after 22 April 2009. On 26 September 2013, the
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On 12 March 2012, the Icelandic government amended - by Act No 17/2012 - the existing Act No 87/1992 on Foreign Exchange, so that paragraph five of Article 13n now represents new currency restrictions for repayment of foreign currency to creditors in any receivership estates. In that regard, it shall
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As the Receivership mainly holds bank assets valuated in foreign currencies, the repayment of claims is likewise expected to be conducted through partial repayments mainly in foreign currencies, equal to the available cash currency basket stemming from liquidated assets on the payment day. Because of
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Landsbanki had positioned itself as Iceland's primary provider of general and specialized financial services to individuals, corporate entities, and institutions. The bank had the country's most extensive branch network with 40 branches and sub-branches. At the end of 2006, Landsbanki provided close
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Calculated as ISK-equivalent repayment value for the receivership by the entity of the FX 22 April 2009 valued claims, while adjusting for currency exchange rate fluctuations happening on each payment date. For the example for the second repayment tranch, all creditors with claims in pounds received
417:
A deposit program for the UK market, Icesave, was launched in October 2006. An easy-access, online savings account, Icesave became an instant success, transforming Landsbanki's balance sheet and funding profile. Since launched, Icesave grew rapidly and on 31 March 2007, Icesave deposits totaled ÂŁ2.8
1190:
were exempted from this amended law, because it only involved available cash stemming from liquidation conducted ahead of 12 March 2012. All future repayment tranches will however be impacted by the amended law, which stipulates that the Icelandic minister of finance and minister of banking have to
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According to the Landsbanki Receivership's initial interpretation of the Icelandic law, the creditor claims in foreign currency towards a liquidated Icelandic financial company in receivership should only be repaid by an ISK-equivalent amount as per the currency exchange rate registered on the date
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On 7 October 2008 the Icesave UK website announced: "We are not currently processing any deposits or any withdrawal requests through our Icesave internet accounts. We apologize for any inconvenience this may cause our customers. We hope to provide you with more information shortly." and Icesave was
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Another new repayment restriction under consideration is that the Icelandic government on 1 October 2013 presented a proposal for their 2014 budget law, to include a new 0.145% tax on all transfers from estates of failed financial companies. Some lawyers however have the opinion, that this kind of
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as "priority claims" pursuant to Article 112 of "Act No.21/1991 on Bankruptcy", and noted these mentioned figures included contractual interest rates for the UK part and some extra penalty interest rates (6%) for the Dutch part for the period from 8 October 2008 until 22 April 2009. Together these
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reported that the Government had moved quickly to use the sweeping powers granted by the Reykjavik parliament, the night before. The country's financial regulator said on Tuesday that Landsbanki's branches would open as usual and that all “domestic deposits” were fully guaranteed. The next day the
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According to the latest evaluation of the planned recovery of asset values, it is expected all "Priority claims" will have been fully repaid by the end of 2017. Any additional claims for accrued interests after 22 April 2009 due to the delayed repayment of priority claims, will only be treated as
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however ruled against this initial law interpretation of the Landsbanki Receivership, concluding all creditors should be fully repaid with currency amounts equal to the denoted local currency of their claim; meaning that when repaid with other currencies, then valuation of this amount should be
399:
On 9 August 2007 Landsbanki completed its acquisition of UK investment bank Bridgwell plc. The operations of Teather & Greenwood were combined with those of Bridgewell under the brand name Landsbanki Securities (UK). The acquisition of Bridgewell made Landsbanki the second largest broker to
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for all future claim repayments stemming from companies with a larger balance sheet than ISK 400bn, even if it only involves a transfer of foreign currency. This means, that the Icelandic state now potentially also can block any further repayment of foreign currency to the creditors of the
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tax on failed companies could be seen as an illegal expropriation by the Icelandic state. If the Icelandic government passes this proposed law, it will almost with certainty become challenged in a lawsuit by the receivership estates behind the three failed Icelandic banks.
538:, meaning that no loan agreement will be settled between the Icelandic state and the UK and the Netherlands, to guarantee their claim for repayment of Icelandic minimum deposit guarantees worth €4.0bn plus accrued interests. This claim will however still exist towards the 545:
The combined deposit repayment claims from retail Icesave customers in the Netherlands and Great Britain (including both the minimum depositor guarantees and the deposit values in excess of the Icelandic guarantee), were at first hand covered respectively by the UK
425:
Base Rate by at least 0.25% until 1 October 2009 and thereafter not to be lower than the Bank of England Base Rate until 1 October 2011. As a result, Icesave quickly became the market leader in internet deposit savings accounts in the UK in terms of interest rates.
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secondary "General claims", and thus only be repaid once all of the "Priority claims" have been repaid in full, and then only to the extent it is possible on an equal footing together with all the other remaining ISK 1677bn (€9.9bn) of "General claims" towards the
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finally made inroads, and the bank grew and developed in parallel to the nation. In the 1920s Landsbanki became Iceland's largest bank and was made responsible for issuing its banknotes. After the issuing of banknotes was transferred to the newly established
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took control of Landsbanki. A press release by the IFSA states that all of Landsbanki's domestic branches, call centers, ATMs, and internet operations will be open for business as usual and that all domestic deposits are fully guaranteed.
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hoped to boost monetary transactions and encourage the country's nascent industries. Following its opening on 1 July 1886, the bank's first decades of operation were restricted by its limited financial capacity; it was little more than a
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in April 2013, which as one of their top priorities wanted to negotiate a debt haircut towards foreign creditors of the three failed Icelandic banks now in receivership, as part of a deal to lift the long enforced (since November 2008)
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ISK 14bn was returned in 2012 to the receivership from ESCROW accounts, as some of the remaining disputed claims got settled by the court in its favor. Thus the net total got reduced from ISK 662bn to 648bn.
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It started to expand overseas in 2000 through a number of acquisitions and organic growth, the expansion would lead to the creation of its Icesave subsidiary in 2006 which would ultimately seal its fate.
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finally concluded in 2003. Landsbanki then operated as a privately owned bank, competing in a free market, with substantial international activities added to its traditional Icelandic operations.
2299: 196:(literally "The National Bank") which is now the name of the current rebuilt bank (here called "New Landsbanki"), was one of the largest Icelandic commercial banks that failed as part of the 758:
on the repayment date. Thus ensuring that all creditors bare no currency exchange risks, with these risks -and potential financial burdens- instead to be upheld solely by the receivership.
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of ISK 383 billion. It has been in operation since 1885 and had been instrumental in the economic development of business and industry in Iceland. From 1927 to 1961 the bank acted as the
1315: 1200:. No court has yet judged, if this extended power of the Icelandic State, also decides the pace of foreign currency repayments, and not only ISK currency repayments are legal or illegal. 421:
A key factor in Icesave's appeal to savers was its interest rate guarantee: The gross Annual Equivalent Rate of Interest (AER) paid on balances over ÂŁ250 was guaranteed to exceed the
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News: Based on New Legislation, the Icelandic Financial Supervisory Authority (IFSA) Proceeds to take Control of Landsbanki to ensure Continued Commercial Bank Operations in Iceland
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as a so-called "First priority claim", and will be met in full if the receivership succeeds to liquidate assets with a value equal to or in excess of this first priority liability.
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The only minor risk for the receivership's "priority claim creditors" seems to be, that the receivership might face political demands to extend the maturity of its owned
1669: 312:, beginning in 1986, opened up new opportunities, which the bank managed to take advantage of despite some economic adversity. In 1997, Landsbanki was incorporated as a 554:(DNB), due to the inability/unwillingness for other Icelandic stakeholders to step in and ensure/guarantee immediate coverage for these claims. On 28 October 2011, the 2429: 2294: 1510: 2208: 1778: 1585: 558:
ruled, that the UK FSCS and the Dutch DNB combined deposit repayments of respectively ISK 852.1bn (£4.459bn) and ISK 282.3bn (€1.668bn) should be repaid by the
1158:, as part of the Icelandic government's overall capital control abolition initiative, which would then delay liquidation of this specific asset. The nicknamed 1139: 2353: 2160: 2399: 1162:, concern two bonds with a total value of ISK 297bn (€1.76bn), that currently are due for yearly repayments in foreign currency from New Landsbanki to the 471: 1169:
The Icelandic government intends somehow to route the saved money from the negotiated debt haircut for creditors belonging to the receivership estates of
2444: 2368: 2020: 1401: 2624: 2454: 2082: 448: 205: 2137: 485:
froze the assets of Landsbanki in the UK, and assets belonging to the Central Bank of Iceland, and the Government of Iceland relating to Landsbanki.
442: 197: 2708: 2703: 2284: 2683: 2378: 2175: 1376: 2165: 1888: 1135: 547: 2634: 332:
prompted Landsbanki, the first among Icelandic commercial banks, to expand and diversify outside of Iceland when it acquired the London-based
212:(new Landsbanki) so that the domestic bank could continue to operate, the new bank continued to operate under the Landsbanki name in Iceland. 2363: 2333: 2254: 1822: 1723: 535: 1914: 1800: 2394: 2249: 2115: 1866: 1485: 1967: 498:(New Landsbanki) and on 27 October 2008 the inability to render payment of deposits was declared for the remaining parts of Landsbanki. 2424: 1642: 2693: 2539: 24: 2434: 2419: 2343: 1263: 578:
had through liquidation of the first half of its assets, managed to repay the first 53.9% (ISK 715.2bn) of all the priority claims.
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4 billion, and that he was taking steps to freeze the assets of Landsbanki using the financial freezing-orders provisions of the
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calculated by converting it to the claim's denoted currency, according to the foreign currency exchange rates registered by the
2617: 2110: 515: 2657: 1989: 1676: 131: 2534: 2269: 2264: 478: 2439: 2373: 2274: 2075: 1773: 1462: 1296: 2358: 2170: 283: 57: 460: 1968:"Sigrún Davíðsdóttir's Icelog: Iceland: capital controls, government action – and (possible) creditor counteractions" 1592: 522:) for the next four seasons. The financial backing for football was, however, primarily directed towards supporting 2144: 1823:"Sigrún Davíðsdóttir's Icelog: Aspects of capital controls in Iceland and Cyprus and the long time damaging effect" 2041: 1844: 1620: 1517: 2698: 2554: 2464: 2132: 2105: 482: 313: 23:. For the international school formerly known as Little Angels International School (with the acronym LAIS), see 518:, under which the Icelandic premier league for both men and women will be called the Landsbanki Premier League ( 403:
In December 2008 Kepler Capital Markets is sold to management and staff through a management-led buy-out (MBO).
2549: 2304: 2180: 2068: 750: 555: 247:, Landsbanki was their principal bank or one of two banks with whom they did business. The leading provider of 2259: 2127: 1239: 1192: 755: 292: 228: 156: 148: 2688: 2279: 302:
While still publicly owned it went through a state-directed merger with Samvinnubanki (Cooperative Bank).
52: 2629: 2576: 2529: 1380: 551: 272: 220: 1405: 2652: 252: 2612: 2544: 1351: 385: 136: 466:
announced that his government would foot the entire bill for British Icesave savers, estimated at
2594: 2570: 2228: 2201: 1543:"Verdicts of the Supreme Court of Iceland in disputes concerning UK and Dutch wholesale deposits" 381: 329: 309: 286:. Following the turn of the 20th century, however, Icelandic society progressed and prospered as 244: 140: 216: 2639: 2014: 519: 507: 393: 287: 209: 2051: 1845:"Sigrún Davíðsdóttir's Icelog: The plan for abolishing capital controls is… er, a "no-plan"" 1316:"Kepler Capital Markets sold to management and staff through a management-led buy-out (MBO)" 463: 2588: 2091: 1466: 1448: 1429: 1300: 1244: 1144: 422: 412: 389: 296: 232: 201: 19:
This article is about the Icelandic bank up to its failure in 2008. For current bank, see
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took control of Landsbanki and created a new bank for all the domestic operations called
743:
Liability was not repaid by cash from liquidated assets, but got settled by other means.
356:. These subsidiaries dealt in securities and prepared equity research in London, Paris, 2503: 2449: 2233: 2055: 1234: 1229: 467: 333: 305: 1441: 243:
to 40% of corporate lending in Iceland, and for around 60% of companies listed on the
2677: 2218: 2213: 2196: 317: 236: 215:
Prior to its failure, the bank was one of the largest Icelandic banks with assets of
1996: 1950: 1221: 454: 256: 224: 94: 20: 231:, although this interest was primarily directed towards note issuance rather than 115: 78: 1936: 1704:(in Icelandic). Hæstiréttur Íslands (Supreme Court of Iceland). 24 September 2013 400:
listed companies on the London Stock Exchange measured by the number of clients.
2582: 2223: 1459: 1289: 1937:"Law on Foreign Exchange (Law no.87, 17 November 1992) - consolidated version" 1211: 1155: 489: 433:
declared in default on 8 October 2008, taking Landsbanki with it in its fall.
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Status for claims towards the Landsbanki receivership as of 30 June 2013
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and image policy. In September 2005, an agreement was concluded with the
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On 9 October 2008 the domestic, Icelandic branch was split off into the
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Icesave operated in the Netherlands from May 2008 until October 2008.
523: 373: 365: 353: 341: 337: 105: 248: 380:. Landsbanki's own branches in London and Amsterdam specialized in 2060: 1186:
be noted that all of the first 4 repayment tranches repaid by the
369: 349: 1911:"Iceland Premier Says No Date to Lift Controls (video interview)" 1675:. Landsbanki receivership (LBI). 28 November 2012. Archived from 1750: 2483:
List of banks acquired or bankrupted during the Great Recession
2317: 2064: 1591:. Landsbanki receivership (LBI). 2 October 2013. Archived from 1889:"Iceland Keeps Western Europe's Highest Rate as Krona Stable" 2036: 1580: 1329: 181: 1664: 1662: 1660: 1578: 1576: 1574: 1572: 1570: 1568: 1566: 1564: 1562: 1560: 1516:. Supreme Court of Iceland. 28 October 2011. Archived from 1484:. Supreme Court of Iceland. 28 October 2011. Archived from 1724:"Supreme Court ruling regarding FX rates/partial Payments" 2349:
Dodd–Frank Wall Street Reform and Consumer Protection Act
1801:"Iceland Lacks Currency for Easy Exit of Krona Creditors" 570:
As of 30 June 2013, the total value of the assets in the
1615: 1613: 1951:"Act amending the Exchange Act, no.87/1992, as amended" 340:
securities houses: Teather & Greenwood, located in
299:, expanding its branch network in the ensuing decades. 2460:
National fiscal policy response to the Great Recession
1404:. Agence France-Presse. 8 October 2008. Archived from 1623:. LBI hf (Landsbanki receivership). 13 September 2013 97:
7 October 2008, awaiting dissolution remaining assets
1643:"News announcement from LBI hf. - Creditors Meeting" 192:(literally "National Bank"), also commonly known as 2605: 2563: 2520: 2491: 2473: 2412: 2387: 2324: 2242: 2189: 2153: 2098: 1479:"FSCS vs Landsbanki receivership, case nr.340-2011" 177: 164: 125: 111: 101: 89: 74: 64: 48: 2579:(Europe, Middle East and North Africa, Asia; 2009) 1772: 1645:. LBI hf (Landsbanki receivership). 2 October 2013 1511:"DNB vs Landsbanki receivership, case nr.341-2011" 1352:"Iceland government seizes control of Landsbanki" 1867:"S&P warns Iceland over debt write-off plan" 2046: 1702:"ĂžriĂ°judaginn 24. September 2013: Nr. 553/2013" 1290:The Financial Supervisory Authority - Iceland, 493: 31: 2430:American Recovery and Reinvestment Act of 2009 2295:Office of Federal Housing Enterprise Oversight 1913:. Bloomberg. 20 September 2013. Archived from 1130:How capital controls impact creditor repayment 530:Landsbanki liquidation and repayment of claims 295:in 1961, Landsbanki continued to develop as a 2076: 1751:"Valutakurser (currency exchange calculator)" 328:The relatively limited size of the Icelandic 8: 2354:Emergency Economic Stabilization Act of 2008 1726:. Landsbanki Receivership. 26 September 2013 1670:"LBI financial information as of 30.09.2012" 1285: 1283: 336:in 2000. In 2005, Landsbanki acquired three 85:, 1885 (commenced operations on 1 July 1886) 30: 472:Anti-terrorism, Crime and Security Act 2001 348:; Kepler Capital Markets, headquartered in 2488: 2445:Fraud Enforcement and Recovery Act of 2009 2384: 2369:Term Asset-Backed Securities Loan Facility 2314: 2083: 2069: 2061: 29: 2625:Effects of the Great Recession on museums 2455:Housing and Economic Recovery Act of 2008 2339:China–Japan–South Korea trilateral summit 1586:"LBI financial information at 30.06.2013" 536:EFTA Court cleared Iceland of all charges 449:Icelandic Financial Supervisory Authority 235:. The bank had been state-owned and was 206:Icelandic Financial Supervisory Authority 2319:Government policy and spending responses 2285:Government National Mortgage Association 1953:(in Icelandic). Althingi. 13 March 2012. 764: 588: 502:Sponsorship of sports: Landsbankadeildin 2379:2008 United Kingdom bank rescue package 1939:(in Icelandic). Althingi. 5 April 2013. 1774:"Iceland's creditors braced for losses" 1379:. The Press Association. Archived from 1255: 388:), while Landsbanki Luxembourg handled 2019:: CS1 maint: archived copy as title ( 2012: 548:Financial Services Compensation Scheme 510:was an important aspect of the Bank's 2364:Temporary Liquidity Guarantee Program 2334:Banking (Special Provisions) Act 2008 2255:Federal Deposit Insurance Corporation 1781:from the original on 11 December 2022 418:bn with over 80,000 accounts opened. 219:3,058 billion in December 2007 and a 7: 2250:Consumer Financial Protection Bureau 2042:Kepler Capital Markets Official site 1377:"Darling's pledge to Icesave savers" 443:2008–2011 Icelandic financial crisis 198:2008–2011 Icelandic financial crisis 2540:Collateralized mortgage obligations 1191:agree on exemptions granted by the 1181:New creditor repayment restrictions 1442:The Landsbanki Freezing Order 2008 1318:(Press release). 19 December 2008. 526:for children and youth divisions. 25:Musashi International School Tokyo 14: 2635:2007–2008 world food price crisis 2435:Chinese economic stimulus program 2420:2008 European Union stimulus plan 2344:Commercial Paper Funding Facility 1430:Rescue plan for UK banks unveiled 1085:Total repayment value in ISK (bn) 770:those who hold "Priority Claims", 396:, as well as corporate services. 239:in stages between 1998 and 2003. 2663:List of countries by public debt 2290:National Asset Management Agency 1402:"Britain vows to protect savers" 1214: 277:In establishing Landsbanki, the 200:when its subsidiary sparked the 40: 16:Failed Icelandic commercial bank 2709:Privatised companies in Iceland 2618:2008 Central Asia energy crisis 2535:Collateralized debt obligations 1869:. Financial Times. 26 July 2013 1777:. Financial Times. 2 May 2013. 1621:"Partial payments to creditors" 772:and ISK currency exchange rates 768:Creditor repayment tranches for 516:Football Association of Iceland 352:; and Merrion Capital Group in 2684:1886 establishments in Iceland 2425:2008–2009 Keynesian resurgence 2270:Federal Housing Finance Agency 2265:Federal Housing Administration 811:(ISK value of 1 currency unit) 479:Landsbanki Freezing Order 2008 1: 2440:Economic Stimulus Act of 2008 2374:Troubled Asset Relief Program 2300:Office of Financial Stability 2275:Federal Housing Finance Board 2209:SociĂ©tĂ© GĂ©nĂ©rale trading loss 1350:Teather, David (2008-10-07). 612:Remaining Liability (bn ISK) 227:until it was replaced by the 2704:Companies based in ReykjavĂ­k 2359:Irish emergency budget, 2009 1083: 1033: 983: 933: 883: 833: 695: 675: 655: 635: 615: 506:Landsbanki's sponsorship of 481:, passed on 8 October 2008, 58:Government-owned corporation 1891:. Bloomberg. 21 August 2013 461:Chancellor of the Exchequer 204:. On October 7, 2008, the 2725: 2658:2007–2008 financial crisis 2550:Mortgage-backed securities 2161:Automotive industry crisis 1803:. Bloomberg. 30 April 2013 1084: 1034: 985:Great Britain pounds (GBP) 984: 934: 884: 834: 696: 676: 656: 636: 616: 440: 410: 270: 245:OMX Iceland Stock Exchange 145:, HalldĂłr J. Kristjánsson 18: 2694:Banks established in 1886 2648: 2555:Secondary mortgage market 2476:rescues, and acquisitions 2474:Government interventions, 2465:Zero interest-rate policy 2313: 2176:Housing market correction 802: 795: 788: 781: 767: 591: 314:limited-liability company 39: 2573:(United States; c. 2009) 2305:UK Financial Investments 2190:Banking losses and fraud 2181:Subprime mortgage crisis 2166:California budget crisis 1330:"icesave.co.uk Homepage" 778:(Winding-up proceedings) 556:Supreme Court of Iceland 534:On 28 January 2013, the 447:On October 7, 2008, the 384:and commercial finance ( 364:, Nyon (25 km from 284:savings and loan society 2591:(worldwide; 2011–2012) 2530:Auction rate securities 2260:Federal Home Loan Banks 1240:Central Bank of Iceland 1198:Landsbanki receivership 1188:Landsbanki Receivership 1164:Landsbanki receivership 751:Icelandic Supreme Court 584:Landsbanki receivership 576:Landsbanki receivership 572:Landsbanki receivership 565:Landsbanki receivership 560:Landsbanki receivership 540:Landsbanki receivership 324:International expansion 293:Central Bank of Iceland 229:Central Bank of Iceland 2280:Federal Reserve System 2154:United States-specific 1545:. LBI. 28 October 2011 1432:. Retrieved 2008-10-08 1193:Icelandic Central Bank 935:Icelandic kronur (ISK) 756:Icelandic Central Bank 637:Administrative Expense 494: 483:Her Majesty's Treasury 153:, SigurjĂłn Ăž. Arnason 132:BjörgĂłlfur GuĂ°mundsson 32: 2630:Decline of newspapers 2577:2009 May Day protests 2523:and financial markets 2413:Stimulus and recovery 835:Canadian dollar (CAD) 552:De Nederlandsche Bank 437:2008 financial crisis 273:History of Landsbanki 221:market capitalization 2653:European debt crisis 2545:Credit default swaps 2521:Securities involved 2327:stability and reform 2052:Landsbanki companies 1917:on 21 September 2013 1264:"Annual Report 2007" 808:Fixed currency rates 617:Proprietary Interest 279:Icelandic parliament 2613:2000s energy crisis 2325:Banking and finance 2243:Government entities 1847:. 12 September 2013 1383:on October 12, 2008 885:European euro (EUR) 386:asset-based lending 166:Number of employees 36: 2595:Occupy Wall Street 2571:Tea Party protests 2229:Scott W. Rothstein 1465:2009-01-05 at the 1447:2008-12-12 at the 1408:on 10 October 2008 1299:2008-10-10 at the 382:structured finance 316:, and the ensuing 310:financial services 2671: 2670: 2640:Retail apocalypse 2585:(MENA; 2010–2012) 2516: 2515: 2512: 2511: 2408: 2407: 2388:Bank stress tests 1598:on 4 October 2013 1126: 1113: 1112: 1080: 1074: 1068: 1062: 1056: 1050: 1044: 1030: 1024: 1018: 1012: 1006: 1000: 994: 980: 974: 968: 962: 956: 950: 944: 930: 924: 918: 912: 906: 900: 894: 880: 874: 868: 862: 856: 850: 844: 812: 800: 793: 786: 779: 745: 736: 735: 520:Landsbankadeildin 394:wealth management 288:industrialization 187: 186: 173: 160: 152: 144: 2716: 2699:Banks of Iceland 2564:Social responses 2489: 2385: 2315: 2085: 2078: 2071: 2062: 2025: 2024: 2018: 2010: 2008: 2007: 2001: 1995:. Archived from 1994: 1986: 1980: 1979: 1977: 1975: 1970:. 2 October 2013 1964: 1955: 1954: 1947: 1941: 1940: 1933: 1927: 1926: 1924: 1922: 1907: 1901: 1900: 1898: 1896: 1885: 1879: 1878: 1876: 1874: 1863: 1857: 1856: 1854: 1852: 1841: 1835: 1834: 1832: 1830: 1819: 1813: 1812: 1810: 1808: 1797: 1791: 1790: 1788: 1786: 1776: 1769: 1763: 1762: 1760: 1758: 1747: 1736: 1735: 1733: 1731: 1720: 1714: 1713: 1711: 1709: 1698: 1692: 1691: 1689: 1687: 1681: 1674: 1666: 1655: 1654: 1652: 1650: 1639: 1633: 1632: 1630: 1628: 1617: 1608: 1607: 1605: 1603: 1597: 1590: 1582: 1555: 1554: 1552: 1550: 1539: 1533: 1532: 1530: 1528: 1522: 1515: 1507: 1501: 1500: 1498: 1496: 1490: 1483: 1475: 1469: 1457: 1451: 1439: 1433: 1423: 1417: 1416: 1414: 1413: 1398: 1392: 1391: 1389: 1388: 1373: 1367: 1366: 1364: 1363: 1347: 1341: 1340: 1338: 1337: 1326: 1320: 1319: 1312: 1306: 1305: 1287: 1278: 1277: 1275: 1274: 1268: 1260: 1224: 1219: 1218: 1217: 1145:capital controls 1115: 1078: 1072: 1066: 1060: 1054: 1048: 1042: 1028: 1022: 1016: 1010: 1004: 998: 992: 978: 972: 966: 960: 954: 948: 942: 928: 922: 916: 910: 904: 898: 892: 878: 872: 866: 860: 854: 848: 842: 810: 798: 791: 784: 777: 765: 738: 657:Guarantee Claims 606:Settled (bn ISK) 589: 497: 464:Alistair Darling 171: 154: 146: 134: 44: 37: 35: 2724: 2723: 2719: 2718: 2717: 2715: 2714: 2713: 2674: 2673: 2672: 2667: 2644: 2601: 2589:Occupy movement 2559: 2522: 2508: 2487: 2475: 2469: 2404: 2383: 2326: 2320: 2309: 2238: 2185: 2149: 2094: 2092:Great Recession 2089: 2033: 2028: 2011: 2005: 2003: 1999: 1992: 1990:"Archived copy" 1988: 1987: 1983: 1973: 1971: 1966: 1965: 1958: 1949: 1948: 1944: 1935: 1934: 1930: 1920: 1918: 1909: 1908: 1904: 1894: 1892: 1887: 1886: 1882: 1872: 1870: 1865: 1864: 1860: 1850: 1848: 1843: 1842: 1838: 1828: 1826: 1821: 1820: 1816: 1806: 1804: 1799: 1798: 1794: 1784: 1782: 1771: 1770: 1766: 1756: 1754: 1749: 1748: 1739: 1729: 1727: 1722: 1721: 1717: 1707: 1705: 1700: 1699: 1695: 1685: 1683: 1679: 1672: 1668: 1667: 1658: 1648: 1646: 1641: 1640: 1636: 1626: 1624: 1619: 1618: 1611: 1601: 1599: 1595: 1588: 1584: 1583: 1558: 1548: 1546: 1541: 1540: 1536: 1526: 1524: 1520: 1513: 1509: 1508: 1504: 1494: 1492: 1488: 1481: 1477: 1476: 1472: 1467:Wayback Machine 1458: 1454: 1449:Wayback Machine 1440: 1436: 1424: 1420: 1411: 1409: 1400: 1399: 1395: 1386: 1384: 1375: 1374: 1370: 1361: 1359: 1349: 1348: 1344: 1335: 1333: 1328: 1327: 1323: 1314: 1313: 1309: 1303: 1301:Wayback Machine 1288: 1281: 1272: 1270: 1266: 1262: 1261: 1257: 1253: 1245:Icesave dispute 1220: 1215: 1213: 1210: 1183: 1132: 1123: 1120: 1035:US dollar (USD) 809: 799:(3rd repayment) 797: 792:(2nd repayment) 790: 785:(1st repayment) 783: 776: 771: 769: 677:Priority Claims 609:Repaid (bn ISK) 600:Amount (bn ISK) 532: 504: 459:United Kingdom 445: 439: 423:Bank of England 415: 413:Icesave dispute 409: 390:private banking 326: 297:commercial bank 275: 269: 233:monetary policy 202:Icesave dispute 167: 128: 60:(prior to 2003) 56: 28: 17: 12: 11: 5: 2722: 2720: 2712: 2711: 2706: 2701: 2696: 2691: 2686: 2676: 2675: 2669: 2668: 2666: 2665: 2660: 2655: 2649: 2646: 2645: 2643: 2642: 2637: 2632: 2627: 2622: 2621: 2620: 2609: 2607: 2606:Related topics 2603: 2602: 2600: 2599: 2598: 2597: 2586: 2580: 2574: 2567: 2565: 2561: 2560: 2558: 2557: 2552: 2547: 2542: 2537: 2532: 2526: 2524: 2518: 2517: 2514: 2513: 2510: 2509: 2507: 2506: 2504:General Motors 2501: 2495: 2493: 2486: 2485: 2479: 2477: 2471: 2470: 2468: 2467: 2462: 2457: 2452: 2450:Green New Deal 2447: 2442: 2437: 2432: 2427: 2422: 2416: 2414: 2410: 2409: 2406: 2405: 2403: 2402: 2397: 2391: 2389: 2382: 2381: 2376: 2371: 2366: 2361: 2356: 2351: 2346: 2341: 2336: 2330: 2328: 2322: 2321: 2318: 2311: 2310: 2308: 2307: 2302: 2297: 2292: 2287: 2282: 2277: 2272: 2267: 2262: 2257: 2252: 2246: 2244: 2240: 2239: 2237: 2236: 2234:Allen Stanford 2231: 2226: 2221: 2216: 2211: 2206: 2205: 2204: 2193: 2191: 2187: 2186: 2184: 2183: 2178: 2173: 2171:Housing bubble 2168: 2163: 2157: 2155: 2151: 2150: 2148: 2147: 2142: 2141: 2140: 2130: 2125: 2124: 2123: 2118: 2108: 2102: 2100: 2096: 2095: 2090: 2088: 2087: 2080: 2073: 2065: 2059: 2058: 2056:OpenCorporates 2049: 2044: 2039: 2032: 2031:External links 2029: 2027: 2026: 1981: 1956: 1942: 1928: 1902: 1880: 1858: 1836: 1825:. 23 July 2013 1814: 1792: 1764: 1737: 1715: 1693: 1682:on 26 May 2013 1656: 1634: 1609: 1556: 1534: 1523:on 26 May 2013 1502: 1491:on 27 May 2013 1470: 1452: 1434: 1418: 1393: 1368: 1342: 1321: 1307: 1279: 1254: 1252: 1249: 1248: 1247: 1242: 1237: 1235:Kaupthing Bank 1232: 1226: 1225: 1209: 1206: 1182: 1179: 1156:New Landsbanki 1140:new government 1131: 1128: 1111: 1110: 1107: 1104: 1101: 1098: 1095: 1092: 1089: 1086: 1082: 1081: 1075: 1069: 1063: 1057: 1051: 1045: 1039: 1036: 1032: 1031: 1025: 1019: 1013: 1007: 1001: 995: 989: 986: 982: 981: 975: 969: 963: 957: 951: 945: 939: 936: 932: 931: 925: 919: 913: 907: 901: 895: 889: 886: 882: 881: 875: 869: 863: 857: 851: 845: 839: 836: 832: 831: 828: 825: 822: 819: 816: 813: 805: 804: 801: 794: 787: 780: 773: 734: 733: 730: 727: 724: 721: 718: 714: 713: 710: 707: 704: 701: 698: 697:General Claims 694: 693: 690: 687: 684: 681: 678: 674: 673: 670: 667: 664: 661: 658: 654: 653: 650: 647: 644: 641: 638: 634: 633: 630: 627: 624: 621: 618: 614: 613: 610: 607: 604: 601: 598: 594: 593: 550:(FSCS) and by 531: 528: 503: 500: 495:NĂ˝i Landsbanki 441:Main article: 438: 435: 411:Main article: 408: 405: 334:Heritable Bank 325: 322: 306:Liberalisation 271:Main article: 268: 265: 210:NĂ˝i Landsbanki 185: 184: 179: 175: 174: 168: 165: 162: 161: 129: 126: 123: 122: 113: 109: 108: 103: 99: 98: 91: 87: 86: 76: 72: 71: 66: 62: 61: 50: 46: 45: 15: 13: 10: 9: 6: 4: 3: 2: 2721: 2710: 2707: 2705: 2702: 2700: 2697: 2695: 2692: 2690: 2689:Bank failures 2687: 2685: 2682: 2681: 2679: 2664: 2661: 2659: 2656: 2654: 2651: 2650: 2647: 2641: 2638: 2636: 2633: 2631: 2628: 2626: 2623: 2619: 2616: 2615: 2614: 2611: 2610: 2608: 2604: 2596: 2593: 2592: 2590: 2587: 2584: 2581: 2578: 2575: 2572: 2569: 2568: 2566: 2562: 2556: 2553: 2551: 2548: 2546: 2543: 2541: 2538: 2536: 2533: 2531: 2528: 2527: 2525: 2519: 2505: 2502: 2500: 2497: 2496: 2494: 2490: 2484: 2481: 2480: 2478: 2472: 2466: 2463: 2461: 2458: 2456: 2453: 2451: 2448: 2446: 2443: 2441: 2438: 2436: 2433: 2431: 2428: 2426: 2423: 2421: 2418: 2417: 2415: 2411: 2401: 2398: 2396: 2393: 2392: 2390: 2386: 2380: 2377: 2375: 2372: 2370: 2367: 2365: 2362: 2360: 2357: 2355: 2352: 2350: 2347: 2345: 2342: 2340: 2337: 2335: 2332: 2331: 2329: 2323: 2316: 2312: 2306: 2303: 2301: 2298: 2296: 2293: 2291: 2288: 2286: 2283: 2281: 2278: 2276: 2273: 2271: 2268: 2266: 2263: 2261: 2258: 2256: 2253: 2251: 2248: 2247: 2245: 2241: 2235: 2232: 2230: 2227: 2225: 2222: 2220: 2219:Bernie Madoff 2217: 2215: 2214:Forex scandal 2212: 2210: 2207: 2203: 2200: 2199: 2198: 2197:Libor scandal 2195: 2194: 2192: 2188: 2182: 2179: 2177: 2174: 2172: 2169: 2167: 2164: 2162: 2159: 2158: 2156: 2152: 2146: 2143: 2139: 2136: 2135: 2134: 2131: 2129: 2126: 2122: 2121:South America 2119: 2117: 2116:United States 2114: 2113: 2112: 2109: 2107: 2104: 2103: 2101: 2097: 2093: 2086: 2081: 2079: 2074: 2072: 2067: 2066: 2063: 2057: 2053: 2050: 2048: 2045: 2043: 2040: 2038: 2037:Official site 2035: 2034: 2030: 2022: 2016: 2002:on 2013-10-05 1998: 1991: 1985: 1982: 1969: 1963: 1961: 1957: 1952: 1946: 1943: 1938: 1932: 1929: 1916: 1912: 1906: 1903: 1890: 1884: 1881: 1868: 1862: 1859: 1846: 1840: 1837: 1824: 1818: 1815: 1802: 1796: 1793: 1780: 1775: 1768: 1765: 1753:. Norges Bank 1752: 1746: 1744: 1742: 1738: 1725: 1719: 1716: 1703: 1697: 1694: 1678: 1671: 1665: 1663: 1661: 1657: 1644: 1638: 1635: 1622: 1616: 1614: 1610: 1594: 1587: 1581: 1579: 1577: 1575: 1573: 1571: 1569: 1567: 1565: 1563: 1561: 1557: 1544: 1538: 1535: 1519: 1512: 1506: 1503: 1487: 1480: 1474: 1471: 1468: 1464: 1461: 1460:FME.is - News 1456: 1453: 1450: 1446: 1443: 1438: 1435: 1431: 1427: 1422: 1419: 1407: 1403: 1397: 1394: 1382: 1378: 1372: 1369: 1357: 1353: 1346: 1343: 1331: 1325: 1322: 1317: 1311: 1308: 1302: 1298: 1295: 1293: 1286: 1284: 1280: 1265: 1259: 1256: 1250: 1246: 1243: 1241: 1238: 1236: 1233: 1231: 1228: 1227: 1223: 1212: 1207: 1205: 1201: 1199: 1194: 1189: 1180: 1178: 1176: 1172: 1167: 1165: 1161: 1160:Glacier bonds 1157: 1153: 1152:Glacier bonds 1148: 1146: 1141: 1137: 1129: 1127: 1125: 1119: 1108: 1105: 1102: 1099: 1096: 1093: 1090: 1087: 1076: 1070: 1064: 1058: 1052: 1046: 1040: 1037: 1026: 1020: 1014: 1008: 1002: 996: 990: 987: 976: 970: 964: 958: 952: 946: 940: 937: 926: 920: 914: 908: 902: 896: 890: 887: 876: 870: 864: 858: 852: 846: 840: 837: 829: 826: 823: 820: 817: 814: 807: 806: 774: 766: 763: 759: 757: 752: 746: 744: 742: 731: 728: 725: 722: 719: 716: 715: 711: 708: 705: 702: 699: 691: 688: 685: 682: 679: 671: 668: 665: 662: 659: 651: 648: 645: 642: 639: 631: 628: 625: 622: 619: 611: 608: 605: 602: 599: 596: 595: 590: 587: 585: 579: 577: 573: 568: 566: 561: 557: 553: 549: 543: 541: 537: 529: 527: 525: 521: 517: 513: 509: 501: 499: 496: 491: 486: 484: 480: 475: 473: 469: 465: 462: 457: 456: 450: 444: 436: 434: 430: 427: 424: 419: 414: 406: 404: 401: 397: 395: 391: 387: 383: 379: 375: 371: 367: 363: 359: 355: 351: 347: 343: 339: 335: 331: 323: 321: 319: 318:privatization 315: 311: 307: 303: 300: 298: 294: 289: 285: 280: 274: 266: 264: 260: 258: 255:, equity and 254: 250: 246: 240: 238: 234: 230: 226: 222: 218: 213: 211: 207: 203: 199: 195: 191: 183: 182:landsbanki.is 180: 176: 169: 163: 158: 150: 142: 138: 133: 130: 124: 121: 117: 114: 110: 107: 104: 100: 96: 93:Entered into 92: 88: 84: 80: 77: 73: 70: 67: 63: 59: 54: 51: 47: 43: 38: 34: 33:Landsbanki hf 26: 22: 2004:. Retrieved 1997:the original 1984: 1972:. Retrieved 1945: 1931: 1921:20 September 1919:. Retrieved 1915:the original 1905: 1893:. Retrieved 1883: 1871:. Retrieved 1861: 1851:12 September 1849:. Retrieved 1839: 1827:. Retrieved 1817: 1805:. Retrieved 1795: 1783:. Retrieved 1767: 1755:. Retrieved 1728:. Retrieved 1718: 1706:. Retrieved 1696: 1684:. Retrieved 1677:the original 1647:. Retrieved 1637: 1627:13 September 1625:. Retrieved 1600:. Retrieved 1593:the original 1547:. Retrieved 1537: 1525:. Retrieved 1518:the original 1505: 1493:. Retrieved 1486:the original 1473: 1455: 1437: 1421: 1410:. Retrieved 1406:the original 1396: 1385:. Retrieved 1381:the original 1371: 1360:. Retrieved 1356:The Guardian 1355: 1345: 1334:. Retrieved 1324: 1310: 1304:(in English) 1294:(07.10.2008) 1291: 1271:. Retrieved 1269:. Landsbanki 1258: 1222:Banks portal 1202: 1197: 1187: 1184: 1168: 1163: 1159: 1154:towards the 1151: 1149: 1133: 1117: 1116: 1114: 830:Amount (bn) 760: 747: 740: 739: 737: 717:Total Claims 583: 580: 575: 571: 569: 564: 559: 544: 539: 533: 505: 487: 476: 455:The Guardian 453: 446: 431: 428: 420: 416: 402: 398: 327: 304: 301: 276: 261: 257:fixed income 241: 225:central bank 214: 194:Landsbankinn 193: 189: 188: 112:Headquarters 95:receivership 49:Company type 21:Landsbankinn 2583:Arab Spring 2492:Non-banking 2224:Tom Petters 2054:grouped at 2047:Mobile site 1895:9 September 1873:9 September 1829:9 September 1807:9 September 1785:9 September 824:Amount (bn) 818:Amount (bn) 803:Total (bn) 789:24 May 2012 775:22 Apr 2009 253:derivatives 55:(2003–2008) 2678:Categories 2006:2013-10-05 1412:2008-10-08 1387:2008-10-08 1362:2008-10-07 1336:2008-10-07 1273:2008-05-08 1251:References 1079:(~ISK 107) 1029:(~ISK 340) 1011:(~ISK 172) 999:(~ISK 138) 929:(~ISK 205) 899:(~ISK 178) 796:5 Oct 2012 782:2 Dec 2011 597:Claim type 477:Under the 259:services. 237:privatized 190:Landsbanki 127:Key people 2202:Tom Hayes 2099:By region 1974:2 October 1730:2 October 1708:2 October 1649:2 October 1602:2 October 1332:. Icesave 1171:Kaupthing 1073:(~ISK 23) 1049:(~ISK 84) 1023:(~ISK 30) 979:(~ISK 10) 949:(~ISK 10) 923:(~ISK 27) 512:marketing 378:Amsterdam 358:Frankfurt 346:Edinburgh 116:ReykjavĂ­k 102:Successor 79:ReykjavĂ­k 2499:Chrysler 2111:Americas 2015:cite web 1779:Archived 1757:20 March 1686:20 March 1549:21 March 1527:21 March 1495:21 March 1463:Archived 1445:Archived 1426:BBC News 1358:. London 1297:Archived 1208:See also 1134:Iceland 1061:(~ISK 0) 973:(~ISK 0) 961:(~ISK 0) 911:(~ISK 0) 879:(~ISK 0) 873:(~ISK 0) 867:(+20.3%) 861:(~ISK 0) 855:(+21.4%) 849:(~ISK 0) 843:(+13.8%) 603:Accepted 508:football 137:Chairman 65:Industry 2145:Oceania 2138:Iceland 1230:Glitnir 1175:Glitnir 1136:elected 1067:(-4.8%) 1055:(+0.5%) 1043:(-6.8%) 1017:(+5.4%) 1015:201.4 1005:(+7.7%) 993:(+0.1%) 917:(-4.4%) 905:(-2.5%) 893:(-2.8%) 732:2354.2 712:1677.4 407:Icesave 267:History 249:M&A 178:Website 139:of the 120:Iceland 90:Defunct 83:Iceland 75:Founded 69:Banking 53:Private 2133:Europe 2106:Africa 1065:124.4 1053:131.3 1041:121.8 1003:205.9 991:191.3 967:(0.0%) 955:(0.0%) 943:(0.0%) 915:161.8 903:164.9 891:164.5 865:126.9 853:128.1 841:120.1 720:3074.2 700:1677.4 692:677.9 680:1325.4 524:sports 374:Madrid 366:Geneva 362:ZĂĽrich 354:Dublin 342:London 338:Europe 330:market 172:(2007) 170:2,770 157:co-CEO 149:co-CEO 106:NBI hf 2000:(PDF) 1993:(PDF) 1680:(PDF) 1673:(PDF) 1596:(PDF) 1589:(PDF) 1521:(PDF) 1514:(PDF) 1489:(PDF) 1482:(PDF) 1267:(PDF) 1118:Note: 1077:0.90 1071:0.19 1047:0.71 1038:130.7 1027:1.74 1021:0.15 1009:0.85 997:0.74 988:191.1 927:1.27 921:0.17 888:169.2 838:105.5 741:Note: 729:650.0 723:78.6% 703:61.5% 689:647.6 683:99.1% 370:Milan 350:Paris 141:board 2400:U.S. 2128:Asia 2021:link 1976:2013 1923:2013 1897:2013 1875:2013 1853:2013 1831:2013 1809:2013 1787:2013 1759:2013 1732:2013 1710:2013 1688:2013 1651:2013 1629:2013 1604:2013 1551:2013 1529:2013 1497:2013 1173:and 1109:648 977:10 897:1.1 827:Rate 821:Rate 815:Rate 726:69.0 666:58.0 663:100% 660:58.0 643:100% 623:100% 392:and 376:and 344:and 1100:172 1094:410 947:10 649:2.4 646:6.1 640:8.5 626:4.9 620:4.9 490:NBI 368:), 308:of 217:ISK 2680:: 2395:EU 2017:}} 2013:{{ 1959:^ 1740:^ 1659:^ 1612:^ 1559:^ 1428:. 1354:. 1282:^ 1138:a 1106:80 1059:0 971:0 965:1 959:0 953:1 941:1 909:0 877:0 871:0 859:0 847:0 672:0 652:0 632:0 586:. 567:. 492:, 474:. 372:, 360:, 251:, 118:, 81:, 2084:e 2077:t 2070:v 2023:) 2009:. 1978:. 1925:. 1899:. 1877:. 1855:. 1833:. 1811:. 1789:. 1761:. 1734:. 1712:. 1690:. 1653:. 1631:. 1606:. 1553:. 1531:. 1499:. 1415:. 1390:. 1365:. 1339:. 1276:. 1103:- 1097:- 1091:- 1088:- 938:1 709:0 706:0 686:0 669:0 629:0 468:ÂŁ 159:) 155:( 151:) 147:( 143:) 135:( 27:.

Index

Landsbankinn
Musashi International School Tokyo

Private
Government-owned corporation
Banking
ReykjavĂ­k
Iceland
receivership
NBI hf
ReykjavĂ­k
Iceland
Björgólfur Guðmundsson
Chairman
board
co-CEO
co-CEO
landsbanki.is
2008–2011 Icelandic financial crisis
Icesave dispute
Icelandic Financial Supervisory Authority
Nýi Landsbanki
ISK
market capitalization
central bank
Central Bank of Iceland
monetary policy
privatized
OMX Iceland Stock Exchange
M&A

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