During the quarter to 30 June 2015, cash balances increased by approximately £2.3 million. One loan facility was redeemed in full realising approximately £2.5 million. Full details on the bank website here
Six defendants in the Kaupþing market manipulation case, the biggest case of this type in Iceland’s history, have been handed prison sentences ranging from one year to four years and six months.
Treasury Minister Eddie Teare has hailed the depositors’ compensation scheme as a success after reporting to Keys that investors had now received full refunds.
Kaupthing hf 08 June 15: Response to the Announcement from the Government Regarding Capital Control Liberalization
Reference is made to the announcement made today by the Icelandic Government in relation to the intention of the government to introduce a stability tax and exemption framework as part of its strategy to allow for the liberalization of the capital controls that were introduced in 2008.