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Friday, 20 November 2009 18:23 |
 New Kaupthing bank will change its name tomorrow into Arion bank. The bank says that the new name is brought from Greek ancient histories and refers to amongst other for perseverance, co-operation and comeback. There was a competition about the new name amongst the employees of the bank and the name was chosen out from close to three hundred suggestions.
In theannouncement from the bank says that the new name brings a new policy and values. The guiding light of the bank is professionalism, progress, care and loyalty where the customer is the foreground. |
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Tuesday, 25 August 2009 07:53 |
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 A video which is said to have been shown at the stimulus meeting of the high command of Kaupthing at the French Riviera in 2005, has been discussed amongst Icelandic bloggers for the past few days and has now raised attention outside of Iceland. The Danish newspaper Berlingske Tidende covers the video today and says it is a mark of the way of thinking within the bank and finally lead to the collapse of the bank.
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Wednesday, 05 August 2009 16:30 |
Petur Blondal parliamentarian of the independence party and one of the founders of Kaupthing says that he is shocked about the information that has been released about the loans from kaupthing. There have other shareholders been treated specially and men have taken large risks on the behalf of the nation.
This was very surprising to people and despite the bank secrecy must be more important that men have been taking risks that have caused serious problems for the nation. |
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Saturday, 01 August 2009 16:32 |
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 The national radio has been announced that there is an injunction request on the way from Kaupthing, in order to ban further publishing of information from the documents from the loan committee meeting in Kaupthing. This was reported in the afternoon news of the national radio.
The documents were published on the website of Wikileaks and the media quoted the documents yesterday and today. It is expected that the injunction request will be taken in and processed by the government before the night.
The largest risk commitments of Kaupthing:
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Monday, 20 July 2009 12:06 |
It looks like the largest claim owners of old Kaupthing, who are mostly owners of bonds, are going to come to own all up to 87% part of New Kaupthing. The claim owners sat a part of the discussions with the Icelandic government and the agreement about the refinancing of the banks is done with their approval said Steinar Thor Gudgeirsson chairman of the liquidating committee of Kaupthing.
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Tuesday, 14 July 2009 12:20 |
 There are rising chances of that Kaupthing will end up being owned by foreign claim owners in the end of this week. There are meetings now with the representatives of the claim owners, ministry of finance, liquidating committee and foreign consultants of the government. The discussions are at a sensitive stage but should be over before July 17th. This will be covered in-depth in the evening news of Stod2.
News Article by noname
Translated by Anya
Original Article in Icelandic |
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Wednesday, 24 June 2009 14:50 |
 In a new report of the English national audit is a hard criticism on the community administration of North East Lincolnshire in England for investing 7 million pounds, which equals to 1,5 billion króna in the Icelandic banks in England.
The result is that the community administration did not protect the interests of the tax payers.
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Tuesday, 16 June 2009 10:14 |
 The board of New Kaupthing bank are not going to write off the loans to the banks employees for stock purchases while the lawsuit of share holders because of the loans is being processed by the special D.A. The loans are still in the books of the bank and have not been written off.
This is written in the statement from the board of the bank. |
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Wednesday, 27 May 2009 18:30 |
The bank Kaupthing Singer & Friedlander in the Isle of Man has been put into liquidation but the claim owners did not approve last week the plan of the government in the Isle of Man that 54% of the savings owners in the bank would be paid back their funds within 3 months and 75% would get their funds paid back within 2 years.
The court of Manx, capital of the island, ruled today that the branch of Kaupthing Singer & Friedlander should be put into liquidation. |
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Saturday, 25 April 2009 21:31 |
 It may be expected that close to 75% of the loans of the old commercial banks to the Icelandic companies will be written off. According to the sources of Morgunbladid was this written in the memo of Oliver Wyman about assets and debts of New Landsbanki (NBI), Islandsbanki and New Kaupthing. The compatible re-appraisal of the company wasset in at the financial supervisory administration earlier this week.
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Friday, 17 April 2009 19:13 |
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 The liquidating committee has insured the finances to pay out the balances of Kaupthing Edge in Germany in full, according to the news announcement from Kaupthing. No commitments because of Kaupthing Egde will fall on the Icelandic taxpayers.
Around 30 thousand savings owners in Germany will have their balances in the internet bank Edge paid out. The amount is close to 330 million euro of roughly 55 billion Icelandic króna. |
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Friday, 17 April 2009 01:54 |
 The financial supervisory administration is still investigating 100 billion króna transfer of Kaupthing into foreign accounts just before the collapse of the bank. It is suspected that the transfers are related to the holding company of Robert Tchenguiz, Oscatello.
Shortly after the collapse of Kaupthing reported the newsroom of Stod2 about a hundred billion króna transfer from the bank here in Iceland into foreign accounts. |
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Sunday, 12 April 2009 09:03 |
The businessman Robert Tchenguiz and the liquidating committee of Kaupthing are now disputing, from what the English newspaper Observer claims, about how to divide the value of the chain store Somerfield, which was sold in March. Both Tcenguiz and Kaupthing owned a part in Somerfield as well as Apax Partners and Barclays Capital. Co-operative Group bought Somerfield for 1,56 billion pounds which equals to 29 billion króna.
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Friday, 03 April 2009 17:57 |
 New kaupthing has taken over all of the assets and debts of Sparisjodur Myrarsyslu.New kaupthing takes over the operations of SPM in Borgarnes. The plan is to merge the branches of new Kaupthing and SPM in Borgarnes in the coming weeks. Also will new kaupthing come to own the subsidiaries of SPM, including Afl Sparisjodur and Sparisjodur Olafsfjardar. The plan is to run the banks in their current state and image.
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Thursday, 02 April 2009 16:54 |
 The moratorium of Kaupthing in Luxembourg has been renewed till June 8th 2009, but on October 9th 2008 was Kaupthing Bank Luxembourg S.A. put into moratorium by the request of the bank according to the verdict of the district court of Luxembourg.
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Thursday, 02 April 2009 14:10 |
New Kaupthing has received 6700 applications for advance payments from the personal pension funds run by the bank. Around 81.000 fund members have the right of the advance payments. It has been expected from beginning that the first payments would be processed on April 20th and it looks like that date will stand according to the information from the bank.
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Friday, 27 March 2009 16:21 |
When Aland bank announced today the purchase had been finalized of Kaupthing in Sweden it came as a surprise that the payment was 6% less needed than originally announced.
The size of the balance sheet of Kaupthing in Sweden was 5 billion Swedish krona. The puchase price was 388 million Swedish krona in cash, equal to 5,7 million Icelandic krona, but that amount was said to have been fixed, as says at the website of Affarsvarlden which quotes to an announcement from the bank. Before the announcement was that the purchase price was 414 million Swedish krona.
News Article by noname
Translated by Anya
Original Article in Icelandic |
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Tuesday, 24 March 2009 13:36 |
 New Kaupthing had decided to revoke the debt responsibility or the real estate mortgage of third parties because of personal loans. Individuals will from here on only receive a loan according to their own payment ability and economy. According to the announcement is Kaupthing the first bank to offer this.
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Tuesday, 17 March 2009 07:00 |
 Sigurdur Einarsson, former governor of Kaupthing, has sent a letter to Ragnar Haflidason, CEO of the financial supervisory administration and asked what he intends to do about the confidential documents that he thinks were stolen and used to make news articles in Morgunbladid.
That coverage which Sigurdur refers to in the Morgunbladi is about the alleged loan to the owners of Kaupthing and other related individuals for 500 billion krona. Individuals named in the article were Olafur Olafsson in Samskipti, the brothers Agust and Lydur Gudmundssons and the businessman Rober Tchenguiz.
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Monday, 16 March 2009 19:01 |
 The lenders of Kaupthing Bank in Luxemburg rejected the plan about reorganizing the bank by votes today. The banks governors and representatives of the bank which is in moratorium informed about this.
"The voting about this matter was today, Monday March 16th 2009, and the lenders rejected the agreement. On the other hand the lenders that own 53% of the debts of the bank rejected the agreement and on the other hand the other hand 17 of the 25 banks in question. In both cases the approval of the majority was needed for it to be valid.
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Saturday, 07 March 2009 10:24 |
A milestone has been reached in reorganizing Kaupthing Bank Luxembourg S.A. the subsidiary of Kaupthing bank hf. with an agreement between the two banks about the payoffs between them. The agreement is a part of the reorganizing of the bank which was approved by the authorities of Luxembourg by a contract with financial funds owned by Libyan authorities in December 2008, as says in the announcement.
Also the half promise of the governments of Luxembourg and Belgium as well as the balance insurance fund of Luxembourg about a loan to Kaupthing Bank Luxembourg for 600 million euro or 86 billion krona.
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